West Girard Lofts
Status
Realized An adaptive reuse of the former St. Joseph's hospital to a multifamily/mixed use property, located in the Francisville neighborhood of Philadelphia, PA.
Location
Philadelpha, PA
Investment Strategy
Development
Property Type
Multifamily
Open To
Accredited Investors
Closed Date
May 2018
Investment Strategies
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*As reported by Investopedia, on 12/31/22, based on a variety of factors.
Sponsor Details
Sponsor Designation
CrowdStreet categorizes sponsors based on their experience and track record so our investors can get a sense of the firm behind the deal.
Enterprise
FIRM AGE15+ YEARS
LEADERSHIP EXPERIENCE30+ YEARS
PORTFOLIO VALUE$5 B +
National Platform
Ranked in the top 250 for estimated value of total holdings per Real Capital Analytics
Tenured
FIRM AGE10+ YEARS
LEADERSHIP EXPERIENCE20+ YEARS
PORTFOLIO VALUE$500 MM +
Leadership has invested together over multiple cycles
Dedicated investor relations and accounting staff
Seasoned
FIRM AGE5+ YEARS
LEADERSHIP EXPERIENCE10+ YEARS
PORTFOLIO VALUE$100 MM +
Network of repeat investors
Established banking relationships
Affiliations with national industry associations ULI, NAOIP, CCIM, SIOR or IREM
Emerging
FIRM AGE< 5 YEARS
LEADERSHIP EXPERIENCE2-5 YEARS
PORTFOLIO VALUE< $100 MM +
Strong leadership experience
Experience in the proposed asset class and geographic market
Experience in managing individual investors
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LP Equity
$6,032,124
23.4%
GP Equity
$1,508,031
5.8%
PIDC Loan
$1,000,000
3.9%
Senior Loan
$17,250,000
66.9%
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Total
$25,790,155
100%
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On the CrowdStreet platform, offerings are treated pari-passu. |
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