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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.
The opportunity-seeking duo have a knack for finding diamonds in the rough, polishing them, then marketing them with a flair for showmanship. From their beginnings in Germantown in the mid-2000s, the actual brothers behind Post Brothers, Matt and Mike Pestronk, have had a bloodhound’s ability to pick up the scent of an apartment building that wasn’t living up to its potential. Then, once they found their quarry, they would capture it, drag it off to their renovation team, and let them have at it.
The end result was invariably far nicer and more impressive than the building they had found. And once they were done with it, they had a showman’s ability to persuade you to come look, perchance to live in it.
Read more at Philly Magazine, https://www.phillymag.com/property/2018/06/06/matt-and-mike-pestronk-profile/#dmruGP1dHW8oQ0CE.99