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.
After spending years buying and redeveloping properties in Philadelphia, his Post Brothers is breaking in to Washington D.C. for the first time — in April, it dropped $228 million to buy Universal Building North and South, 1825 and 1875 Connecticut Ave. NW in Adams Morgan. His plan is to convert roughly 700,000 square feet of office space into hundreds of apartments.
Read more at Washington Business Journal