Pennsylvania

TCS Anika Homes Launches Fund 5 to Develop SFR Homes in Philadelphia | State

Philadelphia, December 3, 2021 / PRNewswire /-Philadelphia-based real estate company TCS Anika Homes has launched TCS Anika Homes Fund 5. $ 5.5 million With Equity Raise $ 15 million CoreVest credit line for the purchase and refurbishment of approximately 120 additional single-family home units in Philadelphia. All homes will be gut renovated, equipped with new roofs, plumbing, electricity, floors, kitchens, bathrooms, HVAC, high quality finishes and will be the “best-in-class” assets of demographics to serve. ..

The company is a private equity fund between Anika Equity and TCS Management Principals, Philadelphia’s largest “distributed site” property management company, and currently manages over 5,300 single-family units. Partners Daniel Edrei, Sharon Edrei, Ben Oller, Rebecca Oller and Gaurav Gambhir will lead the venture.

“This fund will allow us to increase our portfolio of ownership and management to approximately 260 employees accommodating SFR units. Greater Philadelphia Area.. Daniel Edrei, Managing Partner of TCS Anika Homes, commented:

TCS Anika Homes We are proud to be a driving force in improving and beautifying the community of the City of Brotherhood. “With nearly a century of real estate experience and primary investments that are constantly focused on capital conservation and achieving high risk-adjusted returns, we continue to expect performance to outperform our competitors. Enjoys timely institutional quality modeling. Prediction, reporting, and always free communication. “

To learn more about TCS Anika Homes or to talk to your acquirer about selling your home, please visit: www.tcsanikahomes.com..

TCS Anika Homes Launches Fund 5 to Develop SFR Homes in Philadelphia | State

Source link TCS Anika Homes Launches Fund 5 to Develop SFR Homes in Philadelphia | State

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