111 Unit Apartment Building Merion, PA

An academic institution purchased this property with the intent of using it for student housing. To do this, they required neighborhood approval and needed professional assistance. Because the academic institution was not experienced at handling market-rate housing, the management was outsourced to AthenianRazak staff while at a previous firm. Both students and non-students occupied the building, which was well-maintained and managed while a determination on zoning was pending.

The building’s occupancy was increased significantly almost immediately after we took charge of management. The property continuously performed at or above expectations during this period of uncertainty. This positive operation assisted the client in receiving a favorable response to its zoning appeal.