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RRA at the US Open

by RRA on June 19, 2013
RRA at the US Open

Golf and real estate go together like Bert and Ernie, so what better place for a gathering than at the US Open in Ardmore over the weekend?

Pictured in their golf outing best: Rittenhouse Realty Advisors’ Corey Lonberger, Ken Wellar, Mark Duszak, Robert Marzullo, Doug Emrich, and Steve Miceli. They didn’t just attend the Open, but were at the 7th & 8th holes, where the company set up two hospitality houses.

Ken tells us that over 400 CRE pros dropped by to get a close-up of the action.

Diamond Green

Diamond Green

It was a nice breather for the firm, which has 25 deals listed, pending contract, or under contract (including the Diamond Green, above). They mostly focus on multifamily, including student housing, market-rate apartments, approved apartment land opportunities, affordable housing, and mixed-used projects. “Our pipeline of deals closing in Q3 and Q4 will be large this year,” Ken says.

About Diamond Green: Rittenhouse recently took the 92-unit, mid-rise building to market—it’s located near Temple University’s varsity football practice facility. The modular-constructed property is the only student housing complex near Temple that was built for students with single-occupancy rooms. (Privacy is a word college students seldom know.)

Read the full article at bisnow.