PHILADELPHIA, PA—Mark Thomson of HFF is totally bullish on the multifamily market, and since 2013, his firm has shot to the top of the league tables in financing multifamily in the Philadelphia market. Thomson, the senior managing director in charge of HFF's Philadelphia office, will discuss HFF's experience entering the market, when he appears as one of the panelists featured at ALM's RealShare Philadelphia Conference February 10 at the historic Union League Club.
In comments provided exclusively to GlobeSt.com in advance of his appearance at the conference, Thomson says, “We opened the office in December of 2013 and within one year grew from 5 to 18 total people with a coverage in both investment sales and debt. Even more impressive is that in that short time period, we have already grown to the #1 market share in multifamily sales in the Philadelphia MSA. Most recently, we closed $80 million worth of multi-family in December, $140 in January, and will have another $120mm closing over the next 45 days. By the time this panel happens, we will be on the market with the newest luxury apartment tower in Philadelphia.”
Thomson calls the market for multifamily properties “sizzling hot,” and says that “We do not see it slowing down in the near future.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.