PHILADELPHIA-Keystone Property Group makes its bones taking opportunistic real estate purchases and reinventing them. They are vertically built to manage their own properties after purchase and redevelopment to stabilize the asset and they’ve been slowly expanding nationally out from their home base in Pennsylvania. Bill Glazer, their president and founder, sat down with GlobeSt.com to discuss their strategy and the overall breaks of the current economy.
GlobeSt.com: Do you redevelop to hold or lease it up and sell it?
Bill Glazer: Keystone Property Group is an entrepreneurial operator. We base our hold or sell decision on what direction the market gives us. I’m sure you’re well aware, the direction is not to do a whole lot. So generally we’re net holders and buyers.
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