Philadelphia Victoria Assoc. L.P.
Longmeadow Capital teamed up with a local property manager to acquire
and redevelop several residential apartment buildings in the
Rittenhouse Square area in downtown Philadelphia in the mid-1990’s. The
partnership aggressively redeveloped, managed and repositioned the
Status: Through a
combination of refinancing, increases in cash flow, escalation of
property values, and ultimately a sale in 2003, the partnership
realized a mid-twenty percent IRR.
Longmeadow Capital Partners, LLC • 171
Dwight Road, Suite 310 • Longmeadow, MA 01106
Tel (413) 567-3366 • Fax: (413) 567-6556
© 2005 Longmeadow Capital Partners, LLC
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