2nd St & Arch St, Philadelphia, PA

Successful exit

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2nd St & Arch St, Philadelphia, PA 2017-05-31T11:48:41+00:00

Project Description

Acquisition, renovation, leasing and sale of 9-building apartment complex to create 41 residential units and a commercial zone, adding elevators and renovating exterior facades.

102N 2nd St., Philadelphia, Pennsylvania, USA

Year launched

2013

Equity raised

$3,090,000

Expected duration

26 Months

Actual duration

42 Months

Exit*

5.30%

Property investments are illiquid, and past performance is no indication of future success

About the neighborhood

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Philadelphia’s “Old City” is a trendy, in-demand neighborhood with historic buildings used for commerce and residence. The neighborhood is a magnet for students, artists, young couples and local freelancers. It boasts many entertainment venues and galleries.

About the developer

Bengtal Group is controlled by a number of private investors and managed by Amir Ben Shachar and Lior Tal who each possess deep experience in investments and real estate. The partners chose leading contractors and architectures for this project.

The opportunity

Acquisition, renovation, leasing and sale of 9-building apartment complex to create 41 residential units and a commercial zone, adding elevators and renovating exterior facades.

Other projects by the developer