Mar 13, 2020 | news, Residential, Retail
BET Investments is proud to announce that the Promenade at Granite Run was recognized by the Philadelphia Business Journal as the Best Real Estate Deal of 2019! Not only that, but our very own, Michael Markman was recognized as Best Dealmaker of the Year!
Promenade at Granite Run, a new, mixed-use community on 86 acres in Media.
BET INVESTMENTS
By Natalie Kostelni – Reporter, Philadelphia Business Journal
Mar 12, 2020
Best Multifamily | First Place | Promenade at Granite Run
BET Investments has redeveloped the former Granite Run Mall into Promenade at Granite Run, a new, mixed-use community on 86 acres in Media. The project involved razing a portion of what was considered a dead mall, repositioning 840,000 square feet of retail space and building a new 192-unit, 253,361-square-foot apartment complex called 50 at Granite Run, which has 12,000 square feet of amenity space. The development also has a 330-space parking garage.
Developer: BET Investments
Bank/Financing: Capital One
Architect: Martin Architectural Group
Engineer: T&M Associates
Interior Designer: Design Works
Law Firm: Riley, Riper & Collagreco
Read the full article at Philadelphia Business Journal here.
Aug 29, 2014 | news, Residential
Horsham, Pennsylvania (August 29th, 2014).
BET Investments is pleased to announce that on August 29th, 2014 it acquired The Flats at 4200 in Tampa Florida.
The Flats at 4200 is the premier student housing community serving University of South Florida (USF) and its 41,311 students. The Flats enjoys the dominant location in the market along the north side of East Fletcher directly across the street from the entrance to campus. Residents are a short walk from classes, the Marshall Student Center, the medical campus, as well as restaurants and nightlife. This irreplaceable location allows residents to walk to the main areas of academic and social activities.
BET Investments is fully integrated real estate development, leasing and management company that was founded by Bruce E. Toll and owns more than 6 million square feet of commercial property and over 2,000 apartment units in 12 states.
Aug 15, 2014 | news, Residential
Horsham, Pennsylvania (August 15th, 2014).
BET Investments is pleased to announce that on August 15th, 2014 it acquired West Chester Commons in West Chester Pennsylvania. It will be renamed The Edge at West Chester.
This 128 unit, 459 bed student housing facility has an irreplaceable prime location adjacent to West Chester University, which provides students convenient pedestrian access to class without the hassles of parking. West Chester Commons has operated at 100% occupancy since it was developed in 2004 and is currently 100% pre-leased for the 2014-2015 academic year. West Chester Commons is the only off-campus, purpose-built student housing property at West Chester University.
Jun 30, 2014 | news, Residential
Horsham, Pennsylvania (June 30, 2014).
BET Investments is pleased to announce that on June 30, 2014 it acquired Ave Dulles in Herndon Virginia. The property will be renamed The Mark at Dulles Station.
The property is a sophisticated urban community located in the Dulles Tech Corridor that contains 169units that were originally built to condominium specifications that include 311 covered parking spaces in a spacious parking deck. (more…)
Apr 2, 2013 | news, Residential
Horsham, Pennsylvania (April 2, 2013). BET Investments, Inc., a commercial real estate company owned by Bruce E. Toll, is pleased to announce that on April 1, 2013, its’ affiliated company acquired Lincoln Woods Apartments located at 9801 Germantown Pike, Lafayette Hill, PA.
At closing, the 216 unit apartment community was 98% leased. The property is located in Montgomery County just across the street from Fairmount Park and Chestnut Hill College, with easy access to the Pennsylvania Turnpike, the Schuylkill Expressway and the Blue Route. The average unit size is 774 square feet. Buildings are of wood frame construction with concrete and masonry foundation systems. Each apartment has its own separate entrance. Common area amenities include a clubhouse, a fitness facility and a swimming pool. (more…)
Dec 12, 2012 | news, Residential
BET Investments Inc. Closed this week on two apartment properties and has now spent more than $80 million since September bolstering its multifamily holdings throughout the region.
The private company isn’t done, either. BET plans to spend between $100 million and $150 million buying apartment properties annually for the next three or four years. Its goal is to acquire up to 1,000 rental units a year.
(more…)
