Radnor Property Group Sells University City Apartment Tower

Stradley Ronon represented Radnor Property Group, a leading real estate development company specializing in mixed-use commercial, multi-family and student housing, in the $118 million sale of luxury apartment tower 3737 Chestnut in University City to Korman Residential Properties and The Carlyle Group, resulting in an impressive return on its original $92 million investment. Stradley Ronon attorneys advised Radnor in connection with negotiating the sale agreement with the purchasers, satisfying due diligence and ultimately, closing on the disposition. Radnor Property Group currently is developing two other projects: Vue32, also in University City, and The Hamilton, a multi-phase residential project in Logan Square.

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