Grey Gables Portfolio

University City is a mid-sized apartment sub-market known for its steady growth and consistent outperforming trends compared to Center City. This stability is largely driven by strong demand from the academic and healthcare sectors, which shield the submarket from broader economic fluctuations. The combined off-campus student population at the University of Pennsylvania and Drexel University exceeds 28,000, providing a reliable foundation for apartment leasing in the area. In recent years, the life sciences sector has emerged as a major driver of housing demand in University City. Prestigious research institutions and companies like Penn Medicine and CHOP attract highly skilled workers who seek convenient, high-quality housing options near world-class facilities. Major developments such as Schuylkill Yards, uCity Square, and Penn Medicine’s new headquarters have further bolstered this demand. The availability of state-of-the-art office and lab spaces has also drawn established firms like Spark Therapeutics and B+ Labs, creating a dynamic professional community alongside the student population.MPN Realty is pleased to present the opportunity to acquire an established portfolio of 18 units across three buildings in prime University City locations, walkable to both Drexel University and the University of Pennsylvania. Acquire this stabilized, income-producing investment with potential to boost rents and add value via cosmetic renovations and building upgrades. Benefit from a strong tenant base derived from the University of Pennsylvania’s full-time student population of 23,948 (up 1.65% YOY), as well as 39,000+ individuals employed by the University of Pennsylvania, and an overall population of more than 100,000 residents between the 19104 and 19139 zip codes. As the pipeline of multifamily deliveries in Philadelphia continues to dwindle, demand is expected to outpace supply, driving further rental growth in 2025-2026, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside.