Lafayette Building

Philadelphia, PA

  • Purchased in 2000 from a proprietary business relationship

  • 160,000 square foot, 10-story office building

  • Prime Location in historic Philadelphia, across from Independence Hall

  • Achieved substantial positive cash flow throughout ownership period

  • Repaired, renovated, and leased up through hands‐on management

  • Sold in 2011 to a Hotel Developer for conversion to a boutique hotel

  • Achieved 29.6% IRR throughout ownership period

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425 East 52nd Street

New York, NY 10022

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