2112 Ridge Ave.

2112 Ridge Ave – Affordable Housing

Purchase Price n/a
Construction Costs $12M
Total Deal Size $13.2M
Asset Class Mixed Use / Affordable
Equity Source PHA General Account
Number of Apartments 36 Affordable Units
Commercial SF 3k
Status Pre-Construction


Philadelphia Housing Authority (“PHA”) / Awarded via RFP

Business Plan:
Benchmark was selected as the development partner for PHA to construct PHA’s first ever housing for LGBTQ youths who have aged out of foster care.

Roles and Responsibilities:
Developer – Benchmark Real Estate Partners
General Contractor – Daniel J. Keating Company