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Out-of-State Joint Venture Buys Apartment Building in Philadelphia’s Old City Neighborhood

Alterra Property Group Sells Shirt Corner Apartments for $22 Million
The 62-unit Shirt Corner Apartments in Philadelphia. (CoStar)
The 62-unit Shirt Corner Apartments in Philadelphia. (CoStar)
By Javon Roach
CoStar Research
December 12, 2019 | 3:55 P.M.

Counter Capital Management, an out-of-state joint venture between real estate industry veterans Christian Dalzell and Mukang Cho, has purchased Shirt Corner Apartments in Philadelphia’s Old City neighborhood from local investment shop Alterra Property Group for $22 million, or about $355,000 per unit.

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