Post Brothers is working to set a new standard for amenities with Piazza Alta, a newly built Philadelphia apartment property.
To wrap up the day’s events, CO Editor in Chief Max Gross moderated a discussion on investment sales with PGIM Real Estate Executive Director Justin Levitt, Post Brothers Chief Investment Officer Zak Klinvex, and Ripco Real Estate Vice Chairman Stephen Preuss.
How the Fed decides to unwind trillions of dollars of government debt it owns, could also play a role in what happens with mortgage rates, said Matt Pestronk, president and co-founder of Philadelphia-based real estate firm Post Brothers.
“They made a great buy and did a good job, but I think they knew the property could be more than it is today,” Mike Pestronk, chief executive officer of Post Brothers, said of the Kushner-Oaktree partnership. “Over time, they came to realize that they could use a local partner with a little bit more local expertise to keep the property more aligned with the neighborhood.”
Read more at Bloomberg, https://www.bloomberg.com/news/articles/2018-05-25/kushner-cos-bids-philly-farewell-with-sale-of-stake-in-complex