ACORE CAPITAL Provides $81 Million Financing For Philadelphia Multifamily Portfolio
September 29, 2026
Financing supports the continued lease-up and construction across three multifamily properties in Philadelphia
PHILADELPHIA – September 29, 2026 – ACORE CAPITAL, one of the leading U.S. commercial real estate investment managers, today announced it has provided $81 million in financing for a multifamily portfolio in Philadelphia’s Olde Kensington neighborhood.
ACORE structured the $81 million financing to refinance two existing built-to-rent townhouse assets, and to fund construction of a third traditional mixed-use multifamily.
“Philadelphia continues to demonstrate durable demand for high-quality rental housing, and this portfolio represents an attractive opportunity to finance a trio of assets in a well-located neighborhood,” said Corey Goodstein, a Director within the Originations team at ACORE CAPITAL, “The transaction reflects our ability to utilize creative capital solutions to meet the needs of our borrowers, providing bridge and construction financing under one facility.”
Together, the properties include approximately 234 residences across three modern residential communities. The portfolio has convenient access to major employment corridors, public transportation and the city’s diverse mix of retail, dining and cultural destinations.
Construction of the 120-unit mixed-use multifamily property is underway, with delivery anticipated in Q3 2028. Roughly half of the proceeds will be used towards construction.
The $81 million financing was arranged by Jason Hull, Managing Director at Regions Bank.
About ACORE CAPITAL
ACORE CAPITAL, LP is a leading U.S. commercial real estate investment manager with more than $17 billion of assets under management (as of 6/30/2026). Headquartered in New York, with offices in Los Angeles, Miami, San Francisco and Dallas, ACORE CAPITAL originates, acquires and manages first mortgages, B-notes, mezzanine debt and preferred equity on behalf of institutional investors globally. ACORE CAPITAL’s success has been fueled by its long-standing industry relationships and access to a consistent pipeline of origination opportunities. For more information, please visit WWW.ACORECAPITAL.COM.
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For ACORE CAPITAL
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Disclaimers
All investments involve a degree of risk, including a risk of loss. There can be no assurances that the transaction described above will ultimately benefit investors.
Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “would,” “should,” “future,” “propose,” “target,” “goal,” “objective,” “outlook” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Any such forward looking statements are made pursuant to the safe harbor provisions available under applicable securities laws and speak only as of the date made. ACORE assumes no obligation to update or revise any such forward-looking statements except as required by law. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside ACORE’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.