A 71 Lot Manufactured Home Community Investment Opportunity

4845 Kendor DrNew Kensington PA 15068

High Meadows MHC

P 02wwwestersonmhcteamcom High Meadows MHC

WE COOPERATE WITH BROKERS(restrictions may apply)

All potential buyers are strongly advised to take advantage of their

opportunities and obligations to conduct thorough due diligence and

seek expert opinions as they may deem necessary especially given the

unpredictable changes resulting from the continuing COVID-19 pandemic

Marcus amp Millichap has not been retained to perform and cannot conduct

due diligence on behalf of any prospective purchaser Marcus amp Millichaprsquos

principal expertise is in marketing investment properties and acting as

intermediaries between buyers and sellers Marcus amp Millichap and its

investment professionals cannot and will not act as lawyers accountants

contractors or engineers All potential buyers are admonished and advised

to engage other professionals on legal issues tax regulatory financial

and accounting matters and for questions involving the propertyrsquos

physical condition or financial outlook Projections and pro forma financial

statements are not guarantees and given the potential volatility created

by COVID-19 all potential buyers should be comfortable with and rely

solely on their own projections analyses and decision-making)

SPECIAL COVID-19 NOTICE

Disclaimer Notice

Non-EndorsementMarcus amp Millichap is not affiliated with sponsored by or endorsed by

any commercial tenant or lessee identified in this marketing package The

presence of any corporationrsquos logo or name is not intended to indicate or

imply affiliation with or sponsorship or endorsement by said occupation

of Marcus amp Millichap its affiliates or subsidiaries and any agent

product service or commercial listing of Marcus amp Millichap and is solely

intended for the purpose of providing tenant lease information about this

listing to prospective customers ALL PROPERTY SHOWINGS ARE BY

APPOINTMENT ONLY PLEASE CONSULT YOUR MARCUS amp MILLICHAP

AGENT FOR MORE DETAILS Marcus amp Millichap Offices throughout the

US and Canada wwwmarcusampmillichapcom

Guidelines

The offering is being distributed exclusively by Marcus amp Millichap REIS to the investment community Following the initial

bids the owner will select an investor to purchase the property or request from a group of investors to submit a best and final

offer from which one will be selected The selection will be based on a variety of factors including purchase price contract

terms financial strength ability to close timing and experience in closing similar transactions

All offers must be presented in writing and include

bull Pricebull Source of capitalbull Proof of fundsbull Relevant experiencebull Proposed schedule of due diligence and closingbull Amount of earnest moneybull List of contingencies including committee approvals possible 1031 exchanges etc

All interested investors are encouraged to schedule a property tour to visit the community and the surrounding market with an

approved representative to fully appreciate its market position quality and strong fundamentals

The information contained in this marketing brochure is proprietary and

strictly confidential It is intended to be reviewed by the party receiving

it from Marcus amp Millichap This marketing brochure has been prepared

to provide summarized unverified information to prospective purchasers

and to establish only a preliminary level of interest in the subject property

The information contained herein is not a substitute for a thorough

due diligence investigation Marcus amp Millichap has not made any

investigation and makes no warranty or representation with respect to

the income or expenses for the subject property the future projected

financial performance of the property the size and square footage of the

property and improvements the presence or absence of contaminating

substances PCBs or asbestos the compliance with state and Federal

regulations the physical condition of the improvements thereon or the

financial condition or business prospects of any tenant or any tenantrsquos

plans or intentions to continue its occupancy of the subject property

The information contained in this marketing brochure has been obtained

from sources we believe to be reliable however Marcus amp Millichap has

not verified and will not verify any of the information contained herein

nor has Marcus amp Millichap conducted any investigation regarding these

matters and makes no warranty or representation what so ever regarding

the accuracy or completeness of the information provided All potential

buyers must take appropriate measures to verify all of the information set

forth herein Marcus amp Millichap is a service mark of Marcus amp Millichap

Investment Services Inc 2020 Marcus amp Millichap All rights reserved

Note to the reader you will find links throughout the OM pages containing important information we advise that you click on these links to learn more

Table of Contents

IndexWelcome Page

Property Description amp Overview

Rental Units and Investment Summary

Income amp Expense (Actual Year 1 amp PF)

POH amp RTO Information

Property Photos amp Parcel Outline

Sales Agent Team Leader and Admin

02

03

04

05

06

07-08

09

WELCOME

P 02wwwestersonmhcteamcom High Meadows MHC

WE COOPERATE WITH BROKERS(restrictions may apply)

All potential buyers are strongly advised to take advantage of their

opportunities and obligations to conduct thorough due diligence and

seek expert opinions as they may deem necessary especially given the

unpredictable changes resulting from the continuing COVID-19 pandemic

Marcus amp Millichap has not been retained to perform and cannot conduct

due diligence on behalf of any prospective purchaser Marcus amp Millichaprsquos

principal expertise is in marketing investment properties and acting as

intermediaries between buyers and sellers Marcus amp Millichap and its

investment professionals cannot and will not act as lawyers accountants

contractors or engineers All potential buyers are admonished and advised

to engage other professionals on legal issues tax regulatory financial

and accounting matters and for questions involving the propertyrsquos

physical condition or financial outlook Projections and pro forma financial

statements are not guarantees and given the potential volatility created

by COVID-19 all potential buyers should be comfortable with and rely

solely on their own projections analyses and decision-making)

SPECIAL COVID-19 NOTICE

Disclaimer Notice

Non-EndorsementMarcus amp Millichap is not affiliated with sponsored by or endorsed by

any commercial tenant or lessee identified in this marketing package The

presence of any corporationrsquos logo or name is not intended to indicate or

imply affiliation with or sponsorship or endorsement by said occupation

of Marcus amp Millichap its affiliates or subsidiaries and any agent

product service or commercial listing of Marcus amp Millichap and is solely

intended for the purpose of providing tenant lease information about this

listing to prospective customers ALL PROPERTY SHOWINGS ARE BY

APPOINTMENT ONLY PLEASE CONSULT YOUR MARCUS amp MILLICHAP

AGENT FOR MORE DETAILS Marcus amp Millichap Offices throughout the

US and Canada wwwmarcusampmillichapcom

Guidelines

The offering is being distributed exclusively by Marcus amp Millichap REIS to the investment community Following the initial

bids the owner will select an investor to purchase the property or request from a group of investors to submit a best and final

offer from which one will be selected The selection will be based on a variety of factors including purchase price contract

terms financial strength ability to close timing and experience in closing similar transactions

All offers must be presented in writing and include

bull Pricebull Source of capitalbull Proof of fundsbull Relevant experiencebull Proposed schedule of due diligence and closingbull Amount of earnest moneybull List of contingencies including committee approvals possible 1031 exchanges etc

All interested investors are encouraged to schedule a property tour to visit the community and the surrounding market with an

approved representative to fully appreciate its market position quality and strong fundamentals

The information contained in this marketing brochure is proprietary and

strictly confidential It is intended to be reviewed by the party receiving

it from Marcus amp Millichap This marketing brochure has been prepared

to provide summarized unverified information to prospective purchasers

and to establish only a preliminary level of interest in the subject property

The information contained herein is not a substitute for a thorough

due diligence investigation Marcus amp Millichap has not made any

investigation and makes no warranty or representation with respect to

the income or expenses for the subject property the future projected

financial performance of the property the size and square footage of the

property and improvements the presence or absence of contaminating

substances PCBs or asbestos the compliance with state and Federal

regulations the physical condition of the improvements thereon or the

financial condition or business prospects of any tenant or any tenantrsquos

plans or intentions to continue its occupancy of the subject property

The information contained in this marketing brochure has been obtained

from sources we believe to be reliable however Marcus amp Millichap has

not verified and will not verify any of the information contained herein

nor has Marcus amp Millichap conducted any investigation regarding these

matters and makes no warranty or representation what so ever regarding

the accuracy or completeness of the information provided All potential

buyers must take appropriate measures to verify all of the information set

forth herein Marcus amp Millichap is a service mark of Marcus amp Millichap

Investment Services Inc 2020 Marcus amp Millichap All rights reserved

Note to the reader you will find links throughout the OM pages containing important information we advise that you click on these links to learn more

Table of Contents

IndexWelcome Page

Property Description amp Overview

Rental Units and Investment Summary

Income amp Expense (Actual Year 1 amp PF)

POH amp RTO Information

Property Photos amp Parcel Outline

Sales Agent Team Leader and Admin

02

03

04

05

06

07-08

09

WELCOME

P 03wwwestersonmhcteamcom High Meadows MHC

STEP 1

Schedule a callwith your Agent(720) MHP-4YOU

STEP 2

Property Description

High Meadows MHC consists of 71 MH Lots 1 single family

home and a 3 bay garage with 36 tenant owned homes (TOH)

14 rented parked owned homes (POH) 3 rent to own homes

(RTO) 1 vacant POH 4 abandoned homes and 13 vacant lots 1

RTO matures in January 2022 and 2 RTOrsquos mature in early 2024

Average rents are $288 lot rent $286 home rent and $283 RTO

payment The park is NOT in a flood zone or opportunity zone

The property is serviced by public water thatrsquos billed back to

tenants via submeters a waste water treatment plant (WWTP)

that is billed back to tenants at a flat rate and direct billed

electricity Propane is also directly billed to tenants The WWTP

was replaced 15 years ago There is additional income from

separate residential properties using the WWTP and being billed

Trash service is provided by 4 dumpsters paid for by the park

and included in rent The roads are paved but in below average

condition

The pricing represents a 649 cap rate using lot rent income on

actuals using a 511 expense ratio We are asking investors to

submit offers at or above $1650000 This community should

qualify for conventional recourse bank financing from a local

bank By increasing rent $32 and increasing occupancy by

69 an investors cash on cash return increases to 1919

Our underwriting suggests that once the park is 100 occupied

and at $350 lot rents an investor can exit at a 7 cap rate for

$3281000

Please read special notice about gas rights CLICK HERE

High Meadows MHC is located about 35 min from the heart of Pittsburgh with significant upside in both rent and infill

bull Significant upside in rent and infill

bull Public Water ndash Billed back to tenants

bull First time park has been for sale

bull Legacy family asset

bull Same ownership 50+ years

bull Some older homes

bull Waste Water Treatment Plant (New in 2005)

bull Gas rights purchased by EQT Corporation

bull Roads are in below average condition

Investment Highlights

Known Issues

Property Location

Propery Address4845 Kendor Dr New Kensington PA 15068

County Westmoreland

Metro Area Pittsburgh PA MSA

Parcel Number(s)

42-08-00-0-008 42-08-02-0-007 42-08-00-0-008-99-01 42-08-00-0-008-99-013 42-08-02-0-00942-08-02-0-019

Site Description

Purchase Price $1650000

Total Rental Units 72

Mobile Home Lots 71 MH Lots

Total Other Unit Types 1 Single Family Home

Total Land Area 2657 Acres

Year Built 1969

Roads Paved

Flood Zone No

Opportunity Zone No

Mechanical

Water Public Billed Back

Sewer Private Billed Back

Electrical Public Direct Billed

Gas Public Direct Billed

Trash Dumpster Landlord Pays

Cable Public Direct Billed

Landscape Park Mows Park Pays

Snow Removal Park Plows Park Pays

Property Overview

STEP 3

Highlights amp Known Issues

Make an offer (use our template or use your own)

1 Letter of Intent CLICK HERE

Send offers to

EstersonMHCteamMarcusMillichapcom

1 View brokerrsquos excel sheet CLICK HERE

Rental Units amp Investment Summary

Local Mobile Home Park Rents

P 04wwwestersonmhcteamcom High Meadows MHC

Unit Breakdown

Total Rental Units 72

Total Tenants 53

Total Mobile Home Lots 71

Tenant Owned Homes 36

Abandoned Homes 4

Vacant Lots 13

Rent to Own POHs 3

Rented POHs 14

Vacant POHs 1

Average Lot Rent $288

Average RTO Payment $283

Average POH Rent $286

Total Other Units 1 (SFH)

Rent Comps Lot Rent POH Rent Utility Info

High Meadows MHC $288 $285 Public Water - Billed BacKWWTP - Billed Back

Werner Hancock MHP $446 No POH Public Water (Direct) amp Septic

Cloverleaf Estates East MHP $405 $445-$720 Public WampS ndash Direct Billed

High View Acres MHP No LR $908 Total Public WampS ndash Direct Billed

Dusty Rhodes MHP $302 NA Public WampS ndash Direct Billed

The Pittsburgh PA MSA is home to mobile home

parks ranging in widely in size in quality The nicest

parks in the area are pushing well over $1000 in total

rent per month with lot rents hovering just above

$400 in those parks The smaller and lesser quality

parks often have lot rents in the high $200rsquos to mid

$300rsquos The majority of parks in the MSA appear to be

on public utilities that are paid for by the tenant

Rent Comp Comments

Click on the following links for additional property information

Other MaterialsParcel Map

Capitalized Revenues | Summary PampL 1 PampL 2 PampL 3

Current Rents $325 Lot Rent Market Rents

75 Occupancy 819 Occupancy 100 Occupancy

Current Taxes Future Taxes Future Taxes

Lot Revenue $183300 $226200 $298200

Water amp Sewer Revenue $24353 $26664 $32242

Fee Revenue (RE) $3666 $4524 $5964

Capitalized Income $203987 $265140 $341278

Capitalized Expenses $104139 $109748 $119351

Net Operating Income (excludes POH) $99848 $155392 $221927

Park Owned Home Revenues (Not Capitalized Income) PampL 1 PampL 2 PampL 3

Total Gross Income (includes POH amp all revenue sources) $262256 $340508 $406482

Total POH amp RTO Revenue $58268 $75368 $65204

POH amp RTO Expenses (50 exp ratio) $37874 $48989 $42383

POH RTO Net Income $20394 $26379 $22821

Value of POH $102068

Investment Metric Table PampL 1 PampL 2 PampL 3

Lot Rent Cap Rate 649 1010 1442

Gross Cap Rate (includes POH IampE) 729 1102 1483

Cash On Cash Levered 845 1919 3018

Price Per Lot $22917

Price Per Occupied Lot $31132

With significant upside in both infill and rent an investor can see both a healthy cash on cash return

and a solid equity multiple with incremental improvements to the property By increasing rent $32 and

increasing occupancy by 69 from current actuals an investors cash on cash return increases to 1919

When the property is 100 occupied and achieving $350 lot rents an investors cash on cash is roughly

30 and an exit can be made at roughly $3281000

Upside Comments

Local Market Statistics

15068 Westmoreland Pittsburgh PA

Population 38205 356835 2348143

Growth (since 2010) -15 -25 -04

Medium Home Price $111400 $131500 $136172

Average Apartment Rent $800 $896 $896

Median Income $44279 $51593 $51883

Unemployment Rate 44 44 43

P 05wwwestersonmhcteamcom Blackburn MHC | Athens ALProperty Revenue amp Expense

Revenue | Expense Categories

Current Rents $325 Lot Rent Market Rents

Notes75 Occupancy 819 Occupancy 100 Occupancy

Current Taxes Future Taxes Future Taxes

Lot Rent Revenue $183300 $226200 $298200 PampL 2 at $325 Lot Rent PampL 3 at $350 Lot Rent

Water amp Sewer Revenue $24353 $26664 $32242 Bill Back of Water amp Sewer

Fee Revenue (RE) $3666 $4524 $5964 2 of Total Revenue

Collections LossBad Debt $7332 $9048 $11928 4 of Total Revenue

Total Revenue $203987 $265140 $341278

Property Tax $12085 $13898 $13898 15 increase Per County sale will not affect assessment

Insurance Expense $5400 $5400 $5400 Estimate $75 Per LotMonth

Repairs amp Maintenance Services $11880 $11880 $11880 $165 Per LotYear

Mowing amp Landscaping Services $6048 $6048 $6048 $7LotMonth

Snow amp Ice Services $2520 $2520 $2520 $7LotMonth

Water Services $14628 $16284 $19872 $23 Per TenantMonth - Adjusted for Occupancy

Sewer Services $9700 $9700 $9700 Average of Previous 3 YR PampLs

Trash Services $6250 $6250 $6250 $500Month for 4 Dumpsters Plus Misc Large Item

Electric Services $4560 $4560 $4560 Street Lights Plus Misc Overage

On-Site Management $17280 $17280 $17280 $20 Per LotMonth

Payroll Expense $2074 $2074 $2074 12 of On-Site Management

3rd Party Management $7140 $9280 $11945 35 of Total Revenue

Office Expense $1325 $1325 $1325 $25 Per LotYear

Legal Expense $1500 $1500 $1500

Accounting Expense $1500 $1500 $1500 EOY Tax Prep

Licenses Permits Dues $250 $250 $3600

Total Expenses $104139 $109748 $119351

Expense Ratio 5105 4139 3497

Net Operating Income (NOI) $99848 $155392 $221927

Cap Rate 649 1010 1442

POHRTO Income $58268 $75368 $65204

POHRTO Expenses $37874 $48989 $42383 65 Expense Ratio

Net POHRTO Income $20394 $26379 $22821

Cash Flow Before Debt $120242 $181771 $244749

1st Position - New Loan $71847 $71847 $71847

Net Income $48395 $109924 $172902

Cash on Cash Return 845 1919 3018

Advertised Pricing PampL 1 Per Unit Comments

Real Estate Value $1538808 $21372 649 Cap Rate

POH Value $102068 $6805 15 Park Owned Homes

RTO Value $9124 $3041 3 RTO Contracts

Total Value $1650000

Upside Value PampL 3 Comments

Real Estate Value $3170387 7 Cap Rate

POH Value $102068

RTO Value $9124

Total Value $3281580

Unit Types Count Avg Rent Comments

Tenant Owned Home 36 $288

Rented Park Owned Home (POH) 14 $286 Average POH Rent

Rent to Own Mobile Home (RTO) 3 $283 Average payment only | Buyer verify RTO

Vacant Park Owned Home (POH) 1 $285 Included in PampL 2 amp 3 | Pro Forma Rent

Abandoned Home 4 Included in PampL 2 amp 3 | Pro Forma Rent

Vacant Mobile Home Lot 13 Included in PampL 3 (To Display Infill Upside)

Total Mobile Home Units 71 +1 SFH

Infrastructure Type Comments

Water System Public Tenant Pays

Sewer System Private Tenant Pays

Trash Dumpster Landlord Pays

Electric Services Public Tenant Pays

GasPropane Services Public Tenant Pays

Loans New Loan Loan Info Comments

Loan Amount $1077165 Recourse 70 LTV (30 Down)

Interest Rate 450 Comm Bank

Amortization 25 Fully Amortized

Uses of Capital Amount of Purchase

Total Purchase Price $1650000 10000

1st Position Loan $1077165 6528

Cash to Close $572835 3472

P 05High Meadows MHC

P 06wwwestersonmhcteamcom High Meadows MHC

Park Owned Home amp RTO Info

Schedule of RTOUnit RTO Rent Start Date End Date Balance Value of RTO

Lot 14 32784 3122020 212024 $7373 $4424

Lot 92 30442 412020 312024 $6893 $4136

Lot 80 21642 1302020 1302022 $941 $565

3 $15207 $9124

Schedule of Park Owned HomesUnit POH Year MakeModel Size of Home POH Rent Home Value Notes

Lot 2 14x70 325 $7800

Lot 3 2000 Astro 28x52 395 $14220

Lot 7 1973 Freedom 12x60 186 $3348

Lot 9 1975 Freedom 14x70 263 $4734

Lot 10 2000 Astro 16x76 285 $10260

Lot 11 1975 Freedom 14x70 205 $3690

Lot 21 1984 14x70 325 $7800

Lot 31 1978 Astro 14x70 250 $4500

Lot 32 1994 Fleetwood 14x70 265 $7950

Lot 40 14x70 170 $3060

Lot 38 1983 14x70 345 $8280

Lot 70 14x70 380 $9120

Lot 90 1995 28x52 356 $10680

Lot 73 14x70 257 $4626

Lot 22 0 $2000 Needs work

15 $102068

P 07wwwestersonmhcteamcom High Meadows MHC

Property PhotosClick here for additional property photos

P 06wwwestersonmhcteamcom High Meadows MHC

Park Owned Home amp RTO Info

Schedule of RTOUnit RTO Rent Start Date End Date Balance Value of RTO

Lot 14 32784 3122020 212024 $7373 $4424

Lot 92 30442 412020 312024 $6893 $4136

Lot 80 21642 1302020 1302022 $941 $565

3 $15207 $9124

Schedule of Park Owned HomesUnit POH Year MakeModel Size of Home POH Rent Home Value Notes

Lot 2 14x70 325 $7800

Lot 3 2000 Astro 28x52 395 $14220

Lot 7 1973 Freedom 12x60 186 $3348

Lot 9 1975 Freedom 14x70 263 $4734

Lot 10 2000 Astro 16x76 285 $10260

Lot 11 1975 Freedom 14x70 205 $3690

Lot 21 1984 14x70 325 $7800

Lot 31 1978 Astro 14x70 250 $4500

Lot 32 1994 Fleetwood 14x70 265 $7950

Lot 40 14x70 170 $3060

Lot 38 1983 14x70 345 $8280

Lot 70 14x70 380 $9120

Lot 90 1995 28x52 356 $10680

Lot 73 14x70 257 $4626

Lot 22 0 $2000 Needs work

15 $102068

P 07wwwestersonmhcteamcom High Meadows MHC

Property PhotosClick here for additional property photos

P 07wwwestersonmhcteamcom High Meadows MHC

Property PhotosClick here for additional property photos

P 08wwwestersonmhcteamcom High Meadows MHC

Property Photos

P 17wwwmarcusmilichapcom Werner Hancock MHP

SPECIAL COVID-19 NOTICE

Brokerage Team

Dylan was hired by Marcus and Millichap Charleston after excelling

in the automotive industry and developing an aptitude for sales in his

early career

Dylan is an integral part of the manufactured housing team put

together by Glenn Esterson Vice President of the national team

Dylan assists clients in selling and buying mobile home communities

providing clients with expertise in asset management portfolio

analysis site selection optimizing and implementing achievable

upside plans traditional brokering and consulting Dylan is focused

on the South Carolina market and surrounding regional markets

Marcus amp Millichap Charleston SC

Phone (843) 469-0347

DylanHellbergmarcusmillichapcom

TEAM AGENT

Dylan Hellberg

(720) MHP-4YOU

ESTERSON MANUFACTURED HOUSING COMMUNITY TEAM

GlennEstersonmarcusmillichapcom

wwwestersonmhcteamcom

wwwthemhpexpertcom

Allied Development Corp Glendale CA

Phone (818) 389-1887

tanner_byersoutlookcom

Marcus amp Millichap Charlotte NC

Phone (423) 483-0492

GlennEstersonmarcusmillichapcom

ldquoThe Mobile Home Park Manifestordquo

TEAM AFFILIATE

SENIOR BROKER

Tanner Byers

Glenn D Esterson

Marcus amp Millichap Atlanta GA

Phone (678) 677-9515

ParkerKellymarcusmillichapcom

Marcus amp Millichap Seattle WA

Phone (206) 963-6076

VasiliArvanitidismarcusmillichapcom

TEAM AGENT

TEAM AGENT

Parker Kelly

Vasili Arvanitidis

Marcus amp Millichap Charleston SC

Phone (843) 469-0347

DylanHellbergmarcusmillichapcom

TEAM AGENT

Dylan Hellberg

Marcus amp Millichap Tampa FL

Phone (276) 237-4311

CharlesDeHartmarcusmillichapcom

OPERATIONS MANAGER

Charles Dehart

Marcus amp Millichap Atlanta GA

Phone (770) 262-6707

SallieWhitehurstmarcusmillichapcom

LICENSED ASSISTANT

Sallie Whitehurst

Click on agents profile for more information

All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions

as they may deem necessary especially given the unpredictable changes resulting from the continuing COVID-19 pandemic Marcus amp Millichap has not

been retained to perform and cannot conduct due diligence on behalf of any prospective purchaser Marcus amp Millichaprsquos principal expertise is in marketing

investment properties and acting as intermediaries between buyers and sellers Marcus amp Millichap and its investment professionals cannot and will not

act as lawyers accountants contractors or engineers All potential buyers are admonished and advised to engage other professionals on legal issues tax

regulatory financial and accounting matters and for questions involving the propertyrsquos physical condition or financial outlook Projections and pro forma

financial statements are not guarantees and given the potential volatility created by COVID-19 all potential buyers should be comfortable with and rely solely

on their own projections analyses and decision-making)

High Meadows MHC

Offices throughout the US and Canadawwwmarcusmillichapcom

wwwestersonmhcteamcom

ALL PROPERTY SHOWINGS AREBY APPOINTMENT ONLY Pleaseconsult your Marcus amp Milichap

(720) MHP - 4YOU

Sean BeucheLic RM424190 - Broker of Record

Marcus amp Millichap Real EstateInvestment Services of Philidelphia