PHILADELPHIA, PA – Sentinel Real Estate Corporation announced the acquisition of Hill House Apartments, a 188-unit multifamily property in Chestnut Hill, a desirable suburb of Philadelphia. As one of very few apartment communities in Chestnut Hill, Hill House Apartments provides luxury multifamily living in a highly sought-after neighborhood where rents present a significant value as compared to Downtown Philadelphia.
In Hill House Apartments, we are acquiring a well-repositioned asset where we can leverage strategic capital improvements to make additional value, said Michael Streicker, President of Sentinel. The neighborhood s high barriers to entry make it hard to build – fascinatingly, only 700 units have been delivered within a three-mile radius of the property since 1991. With no new supply plotted in the market for the foreseeable future, an average household income of $158,000, and a submarket vacancy rate of 4.2 percent, there are numerous factors that we expect will continue to make this property and location attractive.
Located in the heart of historic Chestnut Hill – which is known as Philadelphia s garden district and was named by Forbes as one of the top seven urban enclaves in the United States – Hill House provides amenity-rich living with skyline views of the city across a range of floorplans, from studios to three-bedroom, three-bathroom apartments. Each unit features luxury finishes such as quartz countertops, stainless steel appliances, hardwood floors and spacious closets. Community amenities include a 24-hour doorman, a fitness center, a resort-style pool, an outdoor patio living space, and a resident lounge with complimentary Starbucks on tap.
The previous ownership has executed an extensive capital improvement program, which comprised upgrades to interior units and building systems, as well as improvements to common spaces including the lobby, leasing office, common hallways, outdoor amenities and landscaping. Sentinel has the opportunity to realize additional value creation by renovating the remaining interior units over time.
Over its 51-year history, Sentinel has bought a national portfolio of multifamily real estate on behalf of domestic and international institutions. The firm will continue to leverage its market expertise and deep industry relationships to identify attractive investment opportunities throughout the region.

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BUCKEYE, AZ – Link Senior Development and MedCore Partners are engaged in the development of Ativo of Sundance, a 202-unit senior living community inside the Sundance Active Adult master plotted community in Buckeye, Arizona. The 1,100-home Sundance master plotted community is fully built out, boasting an 18-hole public golf course, community center, and more than 20 different clubs from which homeowners can become members, and the City of Buckeye was recently named the fastest growing small city in the United States.
The senior living campus will offer 103 independent living, 75 helped living, and 24 memory care residences. The community will be set on a 10-acre tract on the northwest corner or Yuma Road and Sundance Parkway, immediately adjacent to the Sundance Adult Village HOA Community Center. Construction on the 211,000 square foot, three tale project is expected to start in late 2021 for an anticipated opening in the Summer of 2023.
“We are very pleased to bring this dynamic senior living community to Buckeye,” said Michael Graham, Partner at MedCore. “For too long, seniors in Buckeye have been forced to relocate to other areas around Phoenix for their seniors housing needs, but soon they will be able to delight in first class senior living locally at the Ativo of Sundance without having to leave their friends and familiar amenities behind.”
“The latest census numbers highlighting Buckeye’s unprecedented growth reaffirm this market as a choice senior living destination in the Phoenix metro area,” said Ron Ziebart, CEO of Link Senior Development. “We’re proud to be located in Sundance and we know Ativo will bring meaningful impact for years to come.”
Amenities at Ativo will include a grand entry with two-tale dining room, private dining for special events, billiards room, two salons, theater room, chef’s kitchen with demonstration bar, cyber-café, and top-of-market outdoor spaces including a resort-style swimming pool, shuffleboard, bocce and pickleball courts, multi-hole mini golf, art studio, pet park, fitness center, and outdoor grill/fire pit areas.
Insight Senior Living will manage the community, including oversight of all programs and resident services. This will be Insight’s third senior living project in Arizona. Ankrom Moison Architects designed the facility.
Link and MedCore are collaborating on two other developments in Albuquerque, New Mexico and Tracy, California. The two firms previously worked together on the 2019 sale and acquisition of five senior living communities in Arizona and Utah.

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WESTMINSTER, CO – Township Capital and Epic Investment Services, announce the acquisition of Willowbrook Apartments, located in greater Denver, Colo. This marks the second acquisition in Epic’s U.S. Multifamily Fund I with Township Capital as a lead investor. Fund I aims to buy garden-style multifamily properties in select markets targeting strong demographics, durable employment and other value-add characteristics.
“We see significant potential for value creation at Willowbrook,” said Jeffrey Kohn, Co-CEO of Epic. “There are comprehensive renovation plans in place, which we expect will bolster operating cashflow, positioning the asset for a strong exit.”
Willowbrook consists of 95 units across four buildings and is currently 100% occupied. The complex is strategically located less than one mile away from the Westminster Light Rail Station, providing commuters quick access to Union Station in downtown Denver and connectivity to all areas of Metro Denver.
“We are proud to be a part of this deal with Epic. Township has aligned with the strategy backing Fund I and experienced the results of sourcing the right product for the fund firsthand,” said Matthew Gorelik, CEO at Township Capital. “The value creation model delivers exceptional results, which is vital to Township’s role as a lead investor in Fund I. We have sought opportunities in the multifamily sector given how resilient it has remained even while transitioning out of the pandemic.”
There are extensive value-add implementations slated to occur at Willowbrook. Nearly half of the units will be newly renovated in addition to common area amenity upgrades, in-line with what prospective tenants are demanding in the marketplace.
Earlier this year, Township participated in Epic’s U.S. Multifamily Fund I as a lead investor with $60 million of equity commitments.

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