View Single Post
  #9602  
Old Posted May 7, 2021, 11:14 PM
Jayfar's Avatar
Jayfar Jayfar is offline
Midrise
 
Join Date: Apr 2004
Posts: 1,538
Quote:
Originally Posted by iheartphilly View Post
^
This is clearly a great investment decision by Roberts. Comcast takes it off his hands presumably for a premium and then sells it to 4 Seasons. The rich guy wins lol.
The article says he sold it at a loss.
--quote--
A company controlled by Roberts and his wife, Aileen, sold the condos to Comcast for $13.5 million, a loss of $820,000 from their 2016 purchase price, according to financial disclosures from Comcast.
__________________
Philadelphia Industrial & Commercial Heritage
A public Facebook group to promote appreciation of Greater Philadelphia's industrial and commercial history and advocate for historic preservation and adaptive re-use.
Reply With Quote