Portfolio

Chestnut Hill Village and Blossom Row

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Building Area
Land Area ()
Number of units 821
Call for Offers 2022-05-03

Portfolio description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire Chestnut Hill Village and Blossom Row (the “Properties” or the “Portfolio”), an 821-unit, value-add apartment portfolio located in the prestigious Chestnut Hill neighborhood of Philadelphia, Pennsylvania.

Chestnut Hill Village and Blossom Row are situated on 31 residential acres and are broken into three distinct apartment communities. Chestnut Hill Village, which was constructed in 1965, contains 564 units throughout 14 buildings. The Manor at Chestnut Hill Village, which is a subsection of the Chestnut Hill Village property, was constructed in 1971 and contains 140 private-entry apartments across nine two-story buildings. Lastly, Blossom Row is a unique townhome community, featuring 117 private-entry, two-story townhomes.


BID DATE is May 3rd, click here to add reminder to your calendar.

Investment highlights

Compelling Value-Add Opportunity

  • Chestnut Hill Village and Blossom Row offer an investor the opportunity to add significant value through the implementation of a comprehensive renovation program across 810 of the 821 units. While current ownership has maintained the property to a high standard, nearly all units remain unrenovated and will benefit from a luxury in-unit renovation program. 

Dynamic Sub-Market Fundamentals

  • The Northwest Philadelphia/Manayunk submarket has continued to outperform the MSA from a rent growth and vacancy standpoint due to constraints on new development, relative affordability, and an economically stable renter demographic. 

Premier Philadelphia Location

  • Chestnut Hill Village and Blossom Row benefit from a strategic, central location with proximity to a magnitude of lifestyle and employment hubs including Conshohocken, Plymouth Meeting, King of Prussia and Center City,

Additional Capital Projects

  • In addition to a compelling renovation program, the property has been approved for new ownership to increase residential density through the addition of nine apartments in the vacant commercial space, which will lower the going in basis and add additional revenue for an investor.

Please enter your corporate email account in the email field. We may not be able to reply to your personal email account or free email address such as Gmail or Yahoo Mail.

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry, providing information such as our services and events.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.
List View
Map View
Chestnut Hill Village and Blossom Row (2 Properties)
Blossom Row
Philadelphia, PA, United States
Chestnut Hill Village
Philadelphia, PA, United States
Expand Map Collapse Map
Last Updated Date: 07 Apr 2022

Do you have any questions?  Visit our FAQ page

View FAQ Page

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

Please go to the below link for our commitment to compliance (Japanese only).

https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.

Learn more