Real Insight. Real Estate.

Posts Tagged ‘Philadelphia Real Estate’

President Obama, in his recent State of the Union Address asserted that, “the worst of the storm has passed, but the devastation remains.” Of course, Obama was referring to the economy in general, however, there are some indicators in particular real estate markets that seem to support the president’s assertion. In December, CNBC.com published a list of housing markets most likely to have hit bottom. CNBC did not rank the list, however, based on the numbers, below are what I believe to be the the top 10. The criteria for the ranking was a combination of the overall decline in prices by percent, number of months with year-over-year favorable change, last year’s overall change, and December’s month-to-month change.

10. Philadelphia, PA
Fall from peak: 10.6%
Months with YoY favorable change: 7
Current YoY change: -4.1%
Current month-to-month change: N/A

9. New Haven, CT
Fall from peak: 13.5%
Months with YoY favorable change: 8
Current YoY change: -1.3%
Current month-to-month change: 0.8%
Read the rest of this entry »

If you enjoyed this post, make sure you subscribe to my RSS feed!

With over $1 billion in assets under management and more than 21,000 beds in 17 states, Campus Apartments has become one of the nation’s largest developers, owners, and managers of student housing.

As President and CEO of Campus Apartments, David Adelman is a driving force in college and university real estate development throughout the United States. His business savvy and long-term vision have led the company to become one of the country’s leading providers of university housing. Through strategic acquisitions, creative development, rehabilitation projects and the consolidation of owner-operators in various locales, Adelman has increased the company’s revenue by 300 percent over the last five years.

Adelman’s strength lies in his ability to structure deals and establish formidable relationships with financial institutions, as evidenced by Campus Apartments’ recent $1.1 billion venture with GIC Real Estate Pte Ltd, the real estate investment arm of the Government of Singapore Investment Corporation.

In addition to his duties as President and CEO of Campus Apartments, Adelman is the vice chair of University City District Board of Directors, the President of the Apartment Association of Greater Philadelphia, board member of Hyperion Bank and the National Multi Family Council (NMHC), member of the Executive Committee of the Urban Land Institute’s Philadelphia Chapter, and a member of the Young President’s Organization. Additionally, Adelman is vice chairman of FS Investment Corp., a publicly registered business development corporation.
Read the rest of this entry »

If you enjoyed this post, make sure you subscribe to my RSS feed!

Bill White
Co-Founder
Endurance Real Estate Group, LLC

Endurance Real Estate Group is a diversified regional real estate company that focuses upon the creation, development and management of quality real estate projects in the Mid-Atlantic States for both its tenants and investors. During Endurance’s six year history, the company has acquired 53 buildings in 15 deals, totaling 4 million square feet. Endurance currently owns and operates a portfolio consisting of 40 buildings totaling 3 million square feet: 1,650,000 million square feet of industrial and 1,350,000 square feet of office/flex.  The company is located in Bala Cynwyd (near Philadelphia) and concentrates its investment and development activities in Philadelphia and the Mid-Atlantic area.
Read the rest of this entry »

If you enjoyed this post, make sure you subscribe to my RSS feed!