The Commonwealth
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The Commonwealth

Philadelphia, PA

Residential - Apartments

Due Diligence

  • The Commonwealth

Our Role

RPL provided due diligence and capital budgeting support to evaluate this interesting deal.

Unique Approach

  • Significant renovations and upgrades previously performed to the 1906 structure
  • Evaluated façade and retail elements for additional improvements


  • Property acquired
  • Capital plan implemented

Scope of Work

Acquisition of a high-rise, historic building hosting leased luxury apartment units and ground floor retail.

Project Summary

  • Client: One of the largest institutional private equity investment firms
  • Location: Philadelphia, PA
  • Size: 15 floors, 98 units, 70,000 RSF
  • Timeline: 2018-2019
  • Services: Due Diligence
  • Cost: $ 2 million
  • Architect: JKRP Architects
  • Contractor: O’Donnell & Naccarato