Temple Student Housing Property Sells for $5.8 Million

by Katie Sloan

Sydenham Commons is a 90-bed property located on campus.

Philadelphia — Marcus & Millichap has completed the sale of a student housing property located on the campus of Temple University in Philadelphia for $5.85 million. Sydenham Commons is a four-story masonry structure that was built in 2006. It contains 90 beds in 27 units and has remained fully occupied since its completion. Ken Wellar and Corey Lonberger of Marcus & Millichap’s Philadelphia office represented the seller, Sydenham Commons LLC, as well as the buyer, a local partnership.


— Coleman Wood

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