Publications

Transactions - MARCH 20, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

IN-DEPTH: J.P. Morgan buys Philadelphia apartment complex

by Andrea Waitrovich

J.P. Morgan Asset Management has purchased Edgewater Apartments in downtown Philadelphia. Here’s an in-depth look at the deal.

 

THE DEAL

The New York City–based asset manager acquired the 290-unit apartment complex at 2323 Race St. for $113.5 million. The sellers were joint venture partners Northwestern Mutual Life Insurance and Realen Properties. HFF represented the seller.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?