COPLEY MANOR, MANAGEMENT OF MID-RISE APARTMENT BUILDING, PHILADELPHIA

AthenianRazak led the due diligence and start-up management for the 92-unit, Copley Manor apartment complex. We were hired by an investor seeking to acquire a portfolio of assets in the Philadelphia market. We assessed a variety of multifamily properties for purchase, and conducted due diligence and support on the acquisition of Copley Manor. We acted as start-up property manager, creating a business plan for asset repositioning, resolving outstanding tenant problems, as well as identifying and working though deferred maintenance.

We oversaw significant capital improvements to the property, including boiler replacement, façade repair, and common area upgrades.