MULTIFAMILY INFLUENCER: Post Brothers Apartments

Matthew Pestronk (top left) and Michael Pestronk co-founded Post Brothers Apartments and serve as its President and Chief Executive Officer, respectively. Joining them on the leadership team are Yvette Stewart-Glimp (bottom left) as Vice President, Property Management, and Sarina Rose, Vice President of Development.

Brothers Matthew and Michael Pestronk are co-founders of Post Brothers Apartments, a Philadelphia-based developer of luxury rental communities throughout the Northeast. Their venture established in 2006 and since then they have built an impressive portfolio valued well in excess of $2 billion.

The momentum created by the Post Brothers’ landmark projects has also fueled the development of thriving neighborhoods around these residential communities. Presidential City for instance, the 1,000-unit rental community that underwent a $200 million renovation under Post Brothers, was Philadelphia’s largest residential adaptive reuse project. Its impact on the neighborhood surrounding the Philadelphia City Avenue corridor—long known as a stretch of office parks—is evident in the influx of new restaurants, coffee shops and entertainment venues.

Presidential City is typical of the Post Brothers’ approach: revitalizing existing, outdated assets through massive-scale adaptive reuse construction to produce cash-positive projects. Not that they take a formulaic approach to development. Instead innovative, creative design tactics unique to each project are used to build a project that resonates with residents.