Berger, Philadelphia, Pennsylvania

Successful exit

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Berger, Philadelphia, Pennsylvania 2017-08-03T15:03:05+00:00

Project Description

Renovation and improvement of a 5-building apartment complex in the heart of Philadelphia’s old city. The buildings were converted to 70 luxury rental apartments.

229 Arch St., Philadelphia, Pennsylvania, USA

Year launched

2012

Equity raised

$1,500,000

Expected duration

24 Months

Actual duration

27 Months

Achieved annual return

17.20%

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

About the neighborhood

Philadelphia’s “Old City” is a trendy, in-demand neighborhood with historic buildings preserved and repurposed for commercial and residential use. The neighborhood attracts students, artists, young couples and local freelancers and boasts many entertainment venues, galleries and trendy boutiques.

About the developer

Bengtal Group is controlled by a number of private investors and managed by Amir Ben Shachar and Lior Tal, who are highly experienced in investments and real estate. The partners chose leading contractors and architects for this project.

The opportunity

Renovation and improvement of a 5-building apartment complex in the heart of Philadelphia’s old city. The buildings were converted to 70 luxury rental apartments.

Other projects by the developer