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GY Properties completes 196-unit apartment building on Philadelphia's waterfront

Basis Investment Group arranges $43 million senior bridge loan for refinancing and lease-up of newly constructed Residences at Pier 40
Residences at Pier 40 (Basis Investment Group)
Residences at Pier 40 (Basis Investment Group)
By Noah Lacy
CoStar Research
June 10, 2026 | 8:34 P.M.

Construction has been completed and the first residents are taking occupancy at Residences at Pier 40, a seven-story multifamily project on the Delaware River waterfront developed and built by GY Properties, a Philadelphia-based real estate investor and developer.

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