Map pinPhiladelphia, PA, US, Americas

Project Lotus 2.0

Project Lotus 2.0_Property for Sale

Attributes

Units
638
Buildings
581
Cash Flow
Strong In-Place
Average Effective Age
~7 Years

Description

Jones Lang LaSalle (“JLL”) is proud to present Project Lotus, an exceptional 581-home/638-unit single-family rental portfolio strategically positioned in the

thriving Philadelphia market. This premier investment opportunity showcases a robust 86% Section 8 tenant base, offering in-place affordability, confirmed rent increases, and valuable tax abatements. The result is a stable and predictable cash flow stream with secured rent growth projections for the coming years.

Over the course of the current ownership, more than $52 million in capital expenditures have been meticulously invested, resulting in well-maintained

homes with renovated interiors and an impressive average effective age of approximately 7 years. This substantial investment underscores the portfolio’s

quality and long-term value proposition.

Project Lotus is uniquely positioned at the intersection of three dynamic market trends: Philadelphia’s strong urban fundamentals, the burgeoning singlefamily

rental sector, and the ever-growing demand for quality affordable housing. This convergence creates an unparalleled opportunity for investors to

capitalize on the momentum of these expanding markets.

By acquiring Project Lotus, investors will secure a meticulously maintained, cash-flowing portfolio of 638 single-family rental units, poised to benefit from

Philadelphia’s robust market dynamics and the increasing demand for affordable housing options.



...

Investment highlights

  1. Well Renovated Units with ~$52.9M of CapEx Spent
  2. Average Effective Age of ~7 Years
  3. Strong In-Place Cash Flow
  4. Scheduled Rent Increases Ensuring Future Rent Growth
  5. In-Place Tax Abatements over 10-Year Horizon
  6. ~86% Section 8 Tenancy


Project Lotus 2.0 4_Property for Sale
Project Lotus 2.0 4_Property for Sale
Project Lotus 2.0 (2 Properties)
Project Lotus 2.0 (2 Properties)

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Last updated
Apr 28, 2026