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Cushman & Wakefield Arranges Sale, Acquisition Financing for 426-Unit Urban Senior Housing Asset in Philadelphia

Jayden Lapin-Tatman • 11/28/2022
Philadelphia, PA – Cushman & Wakefield announced today that the real estate services firm has arranged the sale of The Watermark at Logan Square, a 426-unit rental continuum community in the Center City neighborhood of Philadelphia. The firm also served as the exclusive advisor to the buyer in procuring acquisition financing.

Cushman & Wakefield’s Rick Swartz, Jay Wagner, James Dooley and Bailey Nygard represented the seller, procured the buyer and arranged the financing, which was provided by a national bank.

“We are very pleased to have delivered a great result for both the buyer and seller in a dynamic market environment,” said Wagner.

A fixture of the Philadelphia skyline, the 24-story tower was originally opened in 1984, and offers independent living, assisted living, memory care and skilled nursing. The property is located prominently above the Logan Square circle and offers true urban senior living in one of the fastest growing neighborhoods in the Philadelphia MSA.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit

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