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Transactions - JULY 28, 2022

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Sentinel Real Estate Corp. acquires two apartment communities in Philadelphia area

by Released

Sentinel Real Estate Corp. has acquired two high-rise apartment communities, The Broderick and The Republic, totaling 213 units and located in Center City Philadelphia.

These acquisitions presented Sentinel with the opportunity to increase its investment in the rapidly expanding Philly market. The transactions follow the recent acquisition of Madison Lansdale Station, a 186-unit mid-rise apartment community located in Lansdale, Pa., approximately 32 miles northwest of Philadelphia’s City Center.

Both The Broderick and The Republic benefit from superior walkable and transit-oriented locations, with significant rental rate upside potential through comprehensive unit upgrades, and more than 5,000 square feet of retail space within each. Moreover, their location in Center City offers close proximity to top employers, and a range of dining, entertainment and cultural attractions.

“With The Broderick and The Republic, we found a compelling opportunity to acquire i

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