Posted Jul 10, 2020, 2:14 PM
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Future World Dictator
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Join Date: Jan 2005
Posts: 1,799
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Quote:
Originally Posted by Aaamazarite
The Singer family owns it-- they own most of the apartment buildings in Wash West and several in other parts of the city, mostly Rittenhouse. They also have some stuff in the burbs and Florida. AFAIK this is the only surface parking lot they own. I've never known them to sell any of their holdings, and if they do, they would likely sell the entire portfolio to a REIT. I know of a similar owner who holds even more stuff that is planning to do that in the next few years.
Parkway also finds a way to buy the lots they manage but do not own.
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Well he wasn't completely wrong...
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