PHILADELPHIA, PA—Village Green, one of the nation's oldest and largest luxury apartment owner-operators, will manage Alden Park apartments. The historic, 750-unit apartment community, located in East Falls/Manayunk near Philadelphia, PA, is owned by L3C Capital Partners, of New York.
The 96-year-old Village Green has been expanding its third party management platform within the Mid-Atlantic and East Coast: Baltimore, Charleston and now Philadelphia.
“The region is a favorable environment for investment in apartments. This leads owners like L3C with multiple property locations and types – including unique historic buildings like Alden Park, to hire experienced and versatile national apartment management companies,” says Diane Batayeh, president and COO of Village Green. Village Green currently manages properties in 22 cities throughout the Midwest, Mid-Atlantic, Southwest and East Coast regions.
Alden Park is the 12th property in the approximately 3,500-unit portfolio that Village Green manages for L3C in Baltimore, Chicago and St. Louis. The nearly 100 year-old property is a collection of three buildings on a 38-acre park-like setting formerly known as the Justus C. Strawbridge estate. It has views of the adjacent Fairmount Park and is the largest residential property on the National Register of Historic Places.
Community amenities include a fitness center, tennis courts, outdoor grilling stations, outdoor pool with cabanas and 24-hour concierge services.
Village Green, established in 1919, manages $4.5 billion in real estate assets, approximately 40,000 apartments within more than 140 properties with offices in Baltimore/ Washington DC, Chicago, Cincinnati, Dallas, Detroit, Minneapolis, St. Louis and Pittsburgh The company's own apartment portfolio consists of four distinct brands: Village Park, Village Green, City Apartments and Regents Park along with V-Suites Furnished Rentals. It has won more than 90 awards including the CEL National Multifamily Customer Satisfaction Award for Excellence for six consecutive years (2009 - 2015).
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
