Rittenhouse Realty Advisors Arranges $87 Million Sale of 295-Bed Community Near the University of Pennsylvania

by Katie Sloan

Philadelphia — Rittenhouse Realty Advisors (RRA), a member of GREA, has arranged the $87 million sale of Hamilton Court, a 295-bed student housing community located in Philadelphia’s University City neighborhood. The property offers 103 units to students attending the University of Pennsylvania alongside 21,400 square feet of ground floor retail space. Shared amenities include a fitness center, laundry facilities and a rooftop amenity space including a swimming pool and hot tub, sun deck, grilling stations and a dining area. RRA represented the seller, Post Brothers, in the disposition. Post Brothers acquired the community in 2015 and completed $21 million in capital improvements following the acquisition.

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