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DH Property Holdings Secures Financing To Develop Pair of Philadelphia Industrial Facilities

Walker & Dunlop Arranges Joint-Venture Equity and Construction Financing for Last-Mile Industrial Project
Walker & Dunlop, Inc. announced that it arranged $40 million in limited partner equity and $135 million in construction financing for the development of 5000 Richmond Street, a two-building, 733,800-square-foot industrial distribution facility in Philadelphia, Pennsylvania. (DH Property Holdings)
Walker & Dunlop, Inc. announced that it arranged $40 million in limited partner equity and $135 million in construction financing for the development of 5000 Richmond Street, a two-building, 733,800-square-foot industrial distribution facility in Philadelphia, Pennsylvania. (DH Property Holdings)
By CoStar News Staff
July 12, 2023 | 8:52 P.M.

DH Property Holdings, a New York-based real estate development, investment and asset management firm founded in 2016 by Dov Hertz, has secured financing to fund the development and lease-up of 5000 Richmond St., a two-building, 733,800 square-foot, last-mile industrial distribution facility in Philadelphia, Pennsylvania. The project is being developed by DH Property Holdings and an undisclosed life insurance company.

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