4125 Chestnut Street
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4125 Chestnut Street

Philadelphia, PA

One of the largest institutional private equity investment firms

Diligence and Oversight

Our Role

RPL provided investment diligence and project oversight services on behalf of an institutional equity partner.

Unique Approach

  • Turn-key approach with a modular construction contractor.
  • Site work had to support adjacent buildings and manage a rock shelf that appeared high in one corner of the property and funneled rain water into the excavation.
  • Apartments were fabricated as approximately 80 boxes and trucked about 200 miles to be erected on site within a few weeks.


  • Site challenges overcome.
  • Smaller and modular-constructed apartments provided more affordable housing to nearby college students, teachers, and city workers.

Scope of Work

Development of a new five-story, 146-unit apartment building with underground parking and ground floor fitness room, leasing offices, and green roof deck within the city of Philadelphia.

Project Summary

  • Client: One of the largest institutional private equity investment firms
  • Location: Philadelphia, PA
  • Size: 146 units, 5 floors, 61,300 SF
  • Timeline: 2018 to 2020
  • Services: CDiligence and Oversight
  • Cost: $15 million