Philadelphia Real Estate Investments
HOW Properties has successfully developed over $50 million in real estate. We continue to expand our portfolio by partnering with investors in future development projects. At HOW, we purchase and re-position undervalued properties. These properties are developed into residential and mixed-use buildings in neighborhoods with a vibrant commercial corridor including retail, restaurants, and nightlife. We work with the surrounding communities to develop properties that will benefit the neighborhoods as well as our return.
A Tenant-Focused Approach
Our properties are designed with our tenants in mind. We spend time up front to make sure properties are energy efficient and the space is well utilized. Our units have highly sought after amenities such as hardwood floors, granite, custom tile packages, and energy-efficient appliances. We believe that carefully planned properties create happy tenants resulting in low turnover and vacancy rates.
Superior Quality and Reasonable Rates
Our value proposition is further enhanced by our ability to deliver a superior quality product at a favorable price. We target our rental rates at 10% below comparable properties in the area. The combination of value and efficiency has allowed us to keep our vacancy rate below 2%. HOW’s low vacancy rate allows our projects to outperform initial project estimates.
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