News

Grand Opening: Tulip Special Care

In June 2018, Tulip Special Care opened as a new sixty bed skilled nursing facility specializing in the care of ventilator dependent adults in East Falls, Philadelphia.

Website: Tulip Special Care

 

Investment: Stonehaven at Penn’s Purchase

In December 2017, we invested in the residential component of Stonehaven at Penn’s Purchase in Lahaska, PA (across from Peddler’s Village). The redevelopment plan includes the demolition of the existing structures on the property and the construction of 19 single family homes, 18 condominiums, and 14,000 square feet of retail space contained in two standalone buildings.

 

Sale: Chesterbrook Village Shopping Center

In July 2017, we completed the sale of the Chesterbrook Village Shopping Center, a 31,000 square foot retail center in Wayne, PA.

The property, at 500 Chesterbrook Boulevard, was originally purchased in July 2013. A redevelopment plan was approved and implemented that separated the parcel into two distinct uses – residential and retail. The retail redevelopment included construction of new facilities, remodeling of existing structures and relocation of tenants. The residential component includes 123 luxury townhomes.