Elm City Capital » Current Investments

Current Investments

Property details:

The LOOM is a growing network of working spaces designed to meet the needs of entrepreneurs, artists, and innovators. The Loom at Richmond Mills is a modern take at a historic industrial area complex. It is designed for all types of innovators and creators, such as artists, food artisans and technology companies. A short drive from I-95 and a quick walk from the Frankford El, Richmond Mills is a monumental space the harkens back to Philadelphia’s industrial era. With over 250,000 square feet of studio loft space, it allows tenants to easily move into larger spaces as their artistic vision and business needs expand. In other words, it’s perfect for those that connect square footage with freedom. Richmond Mills offers secure complimentary parking, loading docks, wide widths between columns, and upper floor spaces with lots of natural light – along with commanding views of the city.
Strategy deployed:

Elm City Capital is currently working with the team to reposition and rebrand the property to take full advantage of its potential.

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Property details:

This is a 40-unit property located in the Rising Sun neighborhood of Philadelphia. The property consists of 1 bedroom and studio apartments. The property is 8 blocks away from Temple Graduate hospital and a few minutes away from the Salvation Army Kroc Center.
Purchase amount:

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Strategy deployed:

Property was 80% renovated on purchase. The property renovations will be completed and lease up will be begin in the Fall of 2011.
Current status:

Currently under renovation.

Property details:

Property is a 32-unit multi-family building located in the Frankford section of Philadelphia close to Frankford Hospital. The building consist of 1 bedroom and studio apartments.
Purchase amount:

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Strategy deployed:

After acquisition, the property was completely renovated and repositioned in the market place. Upon stabilization, ECC will look to refinance and hold the property to deliver cash flows to investors.
Current status:

The property is currently 85%+ occupied.

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