Post Brothers, a leading real estate development and investment firm, has successfully refinanced the first phase of its flagship mixed-use residential property in Philadelphia. The $312 million loan from Societe Generale and Rockwood Capital is the largest single-asset financing for a market-rate property in over 14 months, according to MSCI Real Assets data.
According to co-founders Mike and Matt Pestronk, this exceptional financing reflects the exceptional quality of Piazza Alta. The project achieved full occupancy of its 695 apartments and leased out 37,000 square feet of retail space within just 15 months since opening.
The financing was arranged by Ackman Ziff and Piper Sandler. This recent achievement highlights Post Brothers’ expertise in securing successful deals for their premier properties.
