Berkadia facilitated a $37 million acquisition loan for Luxor Bala Cynwyd, a luxury multifamily community in Pennsylvania, for a joint venture between Alliance Residential and PCCP.

Information on the Target

Luxor Bala Cynwyd is a luxury multifamily community consisting of 173 units, located in Bala Cynwyd, Pennsylvania, an affluent suburb along Philadelphia's prestigious Main Line. The property was completed in 2021 and features a diverse mix of studio, one-bedroom, and two-bedroom apartments that range from 497 to 1,157 square feet. Each residence is designed with modern amenities, including nine-foot ceilings, stainless steel appliances, in-unit washers and dryers, and contemporary finishes.

The community is equipped with an impressive assortment of amenities, such as a resort-style swimming pool, fitness center, yoga studio, golf simulator, landscaped outdoor courtyard, resident lounge, dog park, grooming area, and secure garage parking. The strategic positioning of Luxor Bala Cynwyd allows residents to enjoy both luxury living and convenient access to urban life.

Industry Overview in the Target’s Specific Country

The multifamily housing sector in the United States has shown resilience and growth over the past years, driven by a combination of demographic trends, economic recovery, and evolvin