The Standard at Spruce Hill Phase 1

Renovation and repositioning of multifamily apartments

Renovation and reposition of a 24-unit multifamily apartment property in the Spruce Hill neighborhood of Philadelphia. Located within University City, the property is located within walking distance of the Eds and Meds heart of Philadelphia. Urban Conversions identified that the B to B+ class segment of the University City rental market was undersupplied. Previously operated as a C class property, the property was extensively renovated to a B+ class property, which experienced quick absorption.