GEBROE-HAMMER BROKERS $22.35 MILLION SALE OF THE COURTS

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PHILADELPHIA — Gebroe-Hammer Associates has completed the $22.35 million sale of The Courts, a 167-unit multifamily facility in Philadelphia. Located in the University Center area at 35000-3540 Powelton Ave., the complex consists of three restored Victorian-era apartment buildings. Units range from studios to three-bedroom residences with more than 30 different floor plans. Joseph Brecher and Eli Rosen of Gebroe-Hammer represented the seller, Powelton Avenue, and procured the buyer, The Courts LP, in the transaction.

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