MultifamilySingle-AssetOpen to Investors
Philadelphia University City Multifamily Project by QuakerLane Capital
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Overview
QuakerLane Capital is seeking $46M in equity to develop a 323-unit, 100% market rate, LEED Platinum multifamily project in Philadelphia’s University City, directly adjacent to the SEPTA 40th Street Station and within walking distance of UPenn, Drexel, and Penn Medicine. The project holds grandfathered 100% market rate permits and a 10-year tax abatement, and is eligible for OZ tax benefits.
Investment details
- Minimum investment
- $1,000,000
- Status
- Open to Investors
- Asset class
- Real Estate
- Investment type
- Single-Asset
- Sectors
- Multifamily
- Locations
- Pennsylvania
Property details
- Project type
- Ground-Up Development
- Units
- —
- Gross sq ft
- —
- Lot size
- —
OZ designation
- Census tracts
- —
- Designation year
- 2018 (OZ 1.0 Tract)
- Tract type
- Non-Rural
- State incentives
- —