PHILADELPHIA-Gebroe Hammer Associates of Livingston, NJ reports that it has arranged three separate multifamily deals in Philadelphia totaling 152 units for a combined $8.7 million.

The brokerage firm, which reported that during the last year it had arranged $150 million in multi-family investment sales in the region, says the latest deals involve two sales totaling 110 units in the city's emerging West Mt. Airy/Germantown neighborhood, as well as the $1.5 million, 42-unit sale of Magnolia Court in historic northwest Philadelphia.

“Multi-family properties continue to be one of the strongest commercial real estate opportunities in southeastern Pennsylvania,” said Eli Rosen, senior vice president, who represented the sellers and buyers in the aforementioned Philadelphia transactions.

Other recent deals of note include Rosen's handling of a note sale involving 197 units on behalf of one of the Northeast's largest banks, which came on the heels of two additional sales recently arranged by Rosen and Managing Director Joseph Brecher in suburban Bala Cynwyd and Yardley.

“With its location halfway between New York and the nation's capital, metro and suburban Philadelphia continue to see high demand from tenants and experience high occupancy rates,” said Rosen. “That, in turn, is driving investor interest throughout the region.”