A New York real estate firm has added to its suburban Philadelphia holdings with the $96.5 million acquisition of an 18-month-old Main Line apartment building, Chester County property records show. Pantzer Properties purchased the 250-unit Ember at Berwyn from developers Bozzuto and Echo Realty. The deal is believed to be the largest publicly recorded multifamily sale in Greater Philadelphia this year. The four-story Ember at Berwyn opened in late 2023 at 400 Swedesford Road in Tredyffrin Township. The building has joined Pantzer Properties’ “The Point” brand and is now named The Point at Berwyn. Pantzer Properties subsidiary Panco Management manages the 308,448-square-foot building. Rents at the property span from $1,802 per month for a studio to $4,400 for a three-bedroom unit. The development has 9,000 square feet of amenity space, including coworking space, a fitness center, a pool and barbecue grills. There is also a connection to the Chester Valley Trail, which runs parallel to Swedesford Road.
Source: Philadelphia Business Journal; 4/1/2025