Summit Court Apartments
101 Summit Ln, Bala Cynwyd, PA, 19004-2930, US
29 units
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sales representative for 2116 Chestnut (the “Property”), a premier, 321-unit high-rise apartment community located in the prestigious Rittenhouse Square neighborhood of Philadelphia. Constructed in 2013, this trophy-caliber multifamily asset is situated on the 2100 block of Chestnut Street featuring sweeping, unobstructed views of the city. The Property’s prime location proximate to University City and the University of Pennsylvania’s esteemed Wharton School of Business consistently draws a uniquely stable demographic base of young professionals with strong employment profiles, differentiating 2116 Chestnut from new and existing supply.
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Attributes
Number of units
321
Occupancy
95%
Year built
2013
Parking spaces
130
Media
Investment Highlights
- Compelling Restore-to-Core Opportunity
- Consistent Organic Rent Growth on New Leases and Renewals
- Proximate to Major Employers in Center City and University City
- Offered at a Discount to Replacement Cost
- Outstanding Resident Demographics
- Impressive Historical Occupancy
Contact brokers
2116 Chestnut (0 Properties)
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Last updated
4 Dec 2024
