 |
 |
|
 |
|
||
|
|
 |
|
  |
|
||
|
|
 |
|
 |
|
||
|
|
               |
|
|
01.10.05
AMC Delancey bought the 28,000-square-foot multi-family complex in 1995 and was able to bring the complex to full occupancy through a targeted leasing program. Andrew Kleeman, Vice President of Asset Management, and Matthew Kelly, Asset Manager, at AMC Delancey, served as in-house representatives for this sale transaction. “AMC Delancey is consistently focused on achieving measurable results for our investors,” said Kenneth P. Balin, President and CEO of AMC Delancey Group. “We continually seek opportunities, as both a buyer and seller, that effectively take advantage of market conditions. This sale capitalizes on our investment objectives for The Awnings by taking advantage of strong market demand for rental conversions in Philadelphia. We purchased this property in 1995 in a weak market and invested significant dollars to improve it and lease it to 100 percent occupancy. We anticipate that the buyer will convert the property to a condominium form of ownership.” Founded by Kenneth P. Balin in 1992, AMC Delancey Group, Inc. is a
long-term investor in real estate that invests directly and with a select
group of local real estate operating partners throughout the United States.
Headquartered in Philadelphia, Pennsylvania, the Company targets value-added
investment opportunities in the multi-family, office, industrial, hotel and
retail sectors. AMC Delancey is planning approximately $500 million in new
investments over the next several years and continues to seek long-term
relationships with strategic real estate operating partners in new markets.
For more information on AMC Delancey Group, visit
www.amcdelancey.com. |
|
|
|
|
 |
|
 |
|
||
|
|
|
|
|
|
||