Radiant will spend $15 million to renovate the 209 units of affordable housing in five phases, over eighteen months.

For the first time in 20 years, the 725,000 square foot 123 South Broad office building will be under common ownership.

“We wanted to provide a financing vehicle that would provide attractive spreads and credit in return for an annual check on rent.”

GDP growth has remained below 3%, but the slow growth isn't stopping the Fed from raising interest rates.