Skip to main content

The Philadelphia Mastermind Group had the opportunity to hear from Ken Wellar of Rittenhouse Realty Advisors in this month’s Member Spotlight.  Ken discussed the multi-family market in Philadelphia and the surrounding areas and shared details about some of his recent deals.  He noted, among other things, the number of investors from larger cities like New York City who have taken an interest in Philadelphia properties.   Rittenhouse had a great first quarter, closing over $100 million in multi-family sales.   Among a number of projects was the sale of Las Casas Apartments in Wilmington, Delaware.  The 120 unit complex sold to a New York based client for $10.3 million.  Rittenhouse is seeing investors from New York and New Jersey being extremely aggressive in both the Philadelphia and Wilmington markets.

Leave a Reply

We help accelerate deal discussion and
follow-up by making it efficient,
accountable & measurable.

We provide senior commercial real
estate and development professionals a
meaningful way to exercise their
relationships.

We help you build trust and improve
credibility with the people you think
are important.