GREA (Global Real Estate Advisors) extends to qualified investors the opportunity to acquire the fee simple interest in The Eleanor at Chestnut situated at 4258 Chestnut Street in the vibrant Spruce Hill neighborhood of University City Philadelphia. The University City section of Philadelphia is well known for being home to some of the most acclaimed educational and healthcare institutions – the University of Pennsylvania (UPenn), Drexel University (Drexel), St. Joseph’s University (St. Joe’s), the Hospital of the University of Pennsylvania and the Presbyterian Medical Center (Penn Medicine), and the Children’s Hospital of Philadelphia (CHOP). Further, Spruce Hill, a walkable and bikeable residential neighborhood, is in a period of growth and expansion. Built in 2018, The Eleanor at Chestnut consists of 87% three-bedroom and 13% two-bedroom units, purpose-built for student housing. The property offers on-site covered parking, ample bicycle storage, shared laundry facilities, Luxer One packaging system/lockers, Wi-Fi (included in rent), fitness room, video camera entrance, and sprinklered fire system. Every unit offers spacious living areas, large closets, vinyl plank floors, and carpeting. The kitchens feature granite countertops with stainless steel appliances and custom backsplash. A furnished package is offered. All of the units’ high-end finishes and premium kitchens and baths separate it from the competitors and provide luxury living for residents. The Eleanor at Chestnut is a significant value-add opportunity. New ownership can drive operational upside through (a) charging fees for Wi-Fi; (b) charging for secure package reception; (c) increasing utility reimbursements; and/or (d) unit premium rate. Furthermore, a new buyer can implement a unit renovation business plan aimed at providing an upscale finish package at a premium to discerning tenants. Either path leads to increased NOI adding immediate value. Currently, the property is 95% leased with average in-place rent of $2,735 per unit ($958 per bedroom) with tenants pay a utility fee ($75 per person). This leased rent is about 10% to 15% below market. The Eleanor at Chestnut presents an outstanding opportunity to acquire a 45-unit property in one of the most walkable and bikeable residential areas of University City Philadelphia.