The Glenwood
3029 W Glenwood Ave, Philadelphia, PA, 19121, US
49 units
Attributes
Number of units
86
Occupancy
99%
Year built
1999
Building area net
3,870 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale Providence House, a 86-unit Senior LIHTC property in Reading, PA. The Offering is well-located in Reading and offers a stable, bond-like cash flow due to strong occupancy at 99% and the +45% spread of between in-place lease rents and market-rate rents. The Property presents investors with the opportunity to deploy capital into a well-performing, attractive senior asset with outsized renter demand.
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Investment Highlights
- Stable, Bond-Like Cash Flow
- Market Conversion Flexibility
- Attractive Senior Asset Benefits from Outsized Renter Demand
- Ideal Neighborhood for Seniors
- Centrally Located in a Keystone Opportunity Zone (KOZ)
Media
Providence House (0 Properties)
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Last updated
26 Jun 2025