Trending...
- From Speech Therapy to 300+ Episodes: Brother Marcus Turns His Voice Into a Movement Launching a 24/7 Inspiration Radio Network on Day 100 of the Year
- Porter's Day Care Empowers Philadelphia's Future Through 45+ Years of Excellence
- Eastern Adjustment Group, LLP Provides Property Loss Advocacy and Claim Support
Philadelphia Based Capital Solutions Firm Sources Equity for Extravagant University City (Philadelphia) Apartment Project
PHILADELPHIA - PennZone -- Raising equity for commercial real estate projects is still very possible in this economic climate says Jared Cobert of Diligence Capital Advisors, the well established capital solutions firm based in Philadelphia, PA.
Mr. Cobert sourced and closed on an equity transaction this past Friday September 25th for a 6 unit lavish apartment project in the coveted University City District of Philadelphia, PA.
Philadelphia's "University City" is located at the easternmost portion of West Philadelphia directly across the Schuylkill River from Center City, and encompasses several Philadelphia universities such as the University of Pennsylvania, Drexel University, the University of the Sciences and the Restaurant School at Walnut Hill College. University City is Philadelphia's bustling, culturally diverse academic heart with cutting-edge exhibitions at the Institute of Contemporary Art, swanky eateries and casual bars that attract hip crowds.
More on The PennZone
"I would not say that raising equity for a luxury residential apartment development in University City is incredibly difficult," said Jared Cobert of Diligence Capital Advisors who was reached by email. "But raising equity in general for any real estate transaction takes an extraordinary amount of focus and determination."
"We were happy to get this done for our client," said Cobert who described the client as a "prolific Philadelphia based multi-family developer."
Rickey Biddle and Michael Tester of R+M Development Company of Philadelphia provided the equity for the project.
Joseph D. Rocco of Campbell Rocco Law represented R+M Development Company in connect with the equity transaction.
Mr. Cobert sourced and closed on an equity transaction this past Friday September 25th for a 6 unit lavish apartment project in the coveted University City District of Philadelphia, PA.
Philadelphia's "University City" is located at the easternmost portion of West Philadelphia directly across the Schuylkill River from Center City, and encompasses several Philadelphia universities such as the University of Pennsylvania, Drexel University, the University of the Sciences and the Restaurant School at Walnut Hill College. University City is Philadelphia's bustling, culturally diverse academic heart with cutting-edge exhibitions at the Institute of Contemporary Art, swanky eateries and casual bars that attract hip crowds.
More on The PennZone
- UK Financial Ltd Launches UKFL Premier One as Its Official Broadcast Channel for Premium Content, Podcasts & Independent Expert Analysis
- HarryPotterObamaSonic10Inu (Ticker: BITCOIN) Is the Best Cryptocurrency in Global History
- Colonial Nissan Highlights 2026 Armada after Major Best Buy Award Win
- Dual-Engine Growth Strategy Unleashed Targeting a $9.1B Market and the Exploding AI Biotech Revolution: KALA BIO (N A S D A Q: KALA)
- The Finger Comb, a Dream Inspired 3-in-1 Styling Tool introduced by Andrea L. Randolph Introduces
"I would not say that raising equity for a luxury residential apartment development in University City is incredibly difficult," said Jared Cobert of Diligence Capital Advisors who was reached by email. "But raising equity in general for any real estate transaction takes an extraordinary amount of focus and determination."
"We were happy to get this done for our client," said Cobert who described the client as a "prolific Philadelphia based multi-family developer."
Rickey Biddle and Michael Tester of R+M Development Company of Philadelphia provided the equity for the project.
Joseph D. Rocco of Campbell Rocco Law represented R+M Development Company in connect with the equity transaction.
Source: Diligence Capital Advisors
0 Comments
Latest on The PennZone
- Hazel E Hosts Starline Tours Bus to Sonic Desert - A Launch to Coachella
- Best Companies Group Launches Free Top Companies to Work for in Arizona Program
- A Powerful Beginning Inside One of Philadelphia's Most Inspiring Early Childhood Education Centers
- A1 OM Ads LLC Expands Platform With AI Tools And Digital Marketing Solutions
- Streater Appointed to Judicial Commission of the Philadelphia Bar Association
- Contracting Resources Group and Aalis Management Consulting Launch ARG Joint Venture Under SBA Mentor-Protégé Program
- Space Opera Debut Earns Prometheus Award Nomination
- Card makers turn to Pink and Main for tools to support their craft
- Revenue Optics Completes Full Commercial Buildout. A Nine-Month-Old Firm Built on 25 Years of Distribution Expertise. Five Clients From $200M to $3B
- EduCare Inc. Bridges Critical Gap in Breast Cancer Education with Spanish COPE Library Launch
- Engineering leaders from industry, academia to gather at IISE Annual Conference & Expo in Arlington, Texas
- AI-Driven Neurotechnology Expansion as FDA Path Clears and New Defense Initiative Emerges for NRx Pharmaceuticals (N A S D A Q: NRXP)
- BestDoc Launches AI Call Center for Healthcare
- Authentise Launches "Whisper," Agentic AI Backbone for Engineering & Manufacturing
- Old Economy Village Invites Visitors to Explore its 2026 Event Season
- Acuvance Appoints Sandeep Sabharwal to Board of Directors, Strengthening Leadership to Support Continued Platform Growth
- Grange Insurance Association to Rebrand as Granwest Insurance on July 1, 2026
- Dr. Rosendo Icochea, MD Recognized for Contributions to Surgical Education and Medical Research
- Giftella Launches AI Gift-Finder App That Replaces Guesswork With Personalized Picks in Seconds
- Beverly.io Announces Nationwide Expansion and Poppins Payroll Partnership for Families