Residences at Pier 40 Acquired by Basis Investment Group | Real Estate Services M&A Deal

Basis Investment Group has completed the acquisition of Residences at Pier 40, a real estate services other business in Pennsylvania, for $43 million. Residences at Pier 40 is a newly built Philadelphia multifamily property managed as part of Basis Investment Group acquisitions in the real estate services sector. Basis Investment Group acquisitions focus on operating and financing apartment assets in Philadelphia, supporting rental income and long-term value creation. The private equity acquisition is structured as a $43M refinancing for the other acquisition, with the deal announced and sized in the $25M–$50M range.