Harrison Street, Brandywine Realty Sell 850-Bed Community in Philadelphia’s University City for $197.5 Million

by Katie Sloan

Philadelphia — A joint venture between Harrison Street Real Estate Capital and Brandywine Realty Trust has sold Evo at Cira Centre South, an 850-bed student housing community located in Philadelphia’s University City neighborhood, for $197.5 million to Mapletree Investments.

The property was built in 2014, and is the tallest purpose-built student housing tower in the U.S., serving students at the University of Pennsylvania and Drexel University. The community offers one-, two-, three- and four-bedroom units. Shared amenities include a rooftop infinity pool and lounge; 11, two-story study lounges; free weekly studio fitness classes including Zumba, yoga and Pilates; a 24/7, two-story fitness center; and a business and print center. The buyer was undisclosed.

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