4-10-15

Real Estate Journal — Pennsylvania — April 10 - 23, 2015 — 9C

www.marejournal.com

M id A tlantic

E astern PA Founded by veteran commercial brokers Ken Wellar, Corey Lonberger & Mark Duszak Rittenhouse Realty Advisors celebrates 2 Year Anniversary with 230% revenue growth P HILADELPHIA, PA — Rittenhouse Realty Advisors , a commercial over the course of our first year in business. We look forward to continued growth in the coming year and beyond.”

real estate financing industry, welcomed Joe Hanuscin , who most recently ran the construc- tion lending department at Re- public Bank, to the team. RCA enjoyed a highly successful first year in business, placing fund- ing on a wide variety of asset types, frommultifamily to com- mercial to hospitality, through- out the region. The company has plans in place to build out their team in the coming year to support a high production level. George Johnson, presi- dent and CEO of RCA, stated: “Our ability to execute for our clients has gained us significant traction in the overall market

real estate brokerage based in Center City, Philadelphia that focuses on multi-family assets, celebrates its second year in business this month. Founded by veteran commercial brokers KenWellar, Corey Lonberg- er and Mark Duszak in early 2013, the company has closed 65 transactions to date totaling approximately $200 million in consideration. RRA achieved close to a 230% revenue growth in 2014 over their opening year. The team includes ten agents covering the entire northeast region. "Our growth over the last two years has been extraor- dinary. We have a talented team of people that we enjoy working with every day and we are excited for continued growth in the future,” said Corey Lonberger, managing partner of RRA. Since opening, the RRA team expanded their presence in the student housing arena, achiev- ing notable success, selling 860 designated student housing beds totaling just over $45 mil- lion. RRA also found success in new markets, particularly in Delaware, where they have sold close to 800 units totaling just under $34 million. manag- ing partner Ken Wellar said, “We have a firm footing in our current markets. This year we will focus on maintaining that footing and also bringing the success of our core platform to new markets.” Rittenhouse Capital Advi- sors, which the principals of RRA opened in early 2014 with George Johnson , a 30 year veteran of the commercial Allentown, Pa — The national real estate firm, Sperry Van Ness (SVN) , has recognized Tom Skeans, CCIM , managing director of Allentown’s SVN | Imperial Realty , as a new member of its prestigious Partners Circle. The award is given to those agents across the nation who have generated more than $550,000 in gross commissions per year. As a principal at Sperry Van Ness | Imperial Realty, Skeans is an active member of the commercial real estate community in eastern Penn- sylvania. n Sperry Van Ness adds Skeans to Partners Circle

Based in Philadelphia, Penn- sylvania, Rittenhouse Realty Advisors is a real estate adviso- ry firm with an extensive focus in the brokerage of multi-family communities throughout the northeast region of the United States. Formed in February 2013 by a group of advisors with more than 30 years of commercial investment sales experience, our focus is on multi-family and mixed-use properties with significant resi- dential components. n

FOR SALE

Pastorius Court - 42 Units $7,250,000

Delco Portfolio -156 Units $8,000,000

Keystone Lofts - 57 Units $7,900,000

Property Delco Portfolio Keystone Lofts Pastorius Court

Location

Units

List Price

Upper Darby, PA Philadelphia, PA Philadelphia, PA Lansdale, PA Flourtown, PA Norristown, PA Philadelphia, PA Philadelphia, PA West Chester, PA

148 Apts + 8 Commercial 56 Apts + 1 Commercial

$8,000,000 $7,900,000 $7,250,000 $2,900,000 $2,750,000 $2,500,000 $2,425,000 $1,700,000 $1,350,000 $1,200,000 $1,135,000

42 Apartments

305-305 Main Street

13 Apts + 4 Commercial Approved for 107 Units

Haws Lane Development Site

Lofts at 620 Corson

31 Loft Apartments

Drexel Student Housing

30 Bedrooms

Glenwood Lofts Rothrock Manor

Approved for 46 Units

8 Apartments 34 Bedrooms 22 Apartments

Penn State Hazelton Student Housing REO

Hazelton, PA

5729-5731 N 3rd Street

Philadelphia, PA

Corey Lonberger, Managing Partner corey@rittenhouserealty.com

Mark Duszak, Director mark@rittenhouserealty.com

KenWellar, Managing Partner ken@rittenhouserealty.com

RCA Sources Financing for the Full Range of Commercial Real Estate Asset Types: Retail, Office, Industrial, Healthcare, Hospitality, Multi-Family, Development, Special Purpose, Senior Apartments, Student Apartments, Mixed-Use & More!

George Johnson, President & CEO george@rittenhousecapital.com

Joe Hanuscin, Sr. Client Manager joe@rittenhousecapital.com

For information visit www.RittenhouseRealty.com or call (215) 454-2852

Made with FlippingBook - Online Brochure Maker