PRESS RELEASES

The Ludlow East Market Now Leasing

Feb 15, 2018

Philadelphia (February 15, 2018) – National Real Estate Development, LLC (“National Development”) today announced that The Ludlow East Market, the 18-story residential tower located at 1101 Ludlow Street within the highly-anticipated East Market project, is officially leasing. The residential tower is managed by Greystar, a global leader in the investment, development, and management of rental housing properties.

The Ludlow East Market is set to open in March 2018. To arrange a tour of the property and model units or for residential leasing information, please visit www.theludlow.com or call 215-928-1101. The Ludlow East Market leasing office is located at 21 S. 12 Street, Philadelphia, PA 19107.

Designed by BLT Architects, and with interior design by New York based K&Co, The Ludlow East Market features 322 modern apartments, including studio, one and two-bedroom units. Residents will have access to a variety of convenient amenities, such as a 24/7 concierge; an outdoor terrace with barbeque stations and fire pit; third-floor resident lounge; on-site car and bike parking; co-working lounge with private conference rooms; state-of-the-art fitness center and yoga studio. The open-concept floor plans feature wood flooring throughout, floor-to-ceiling windows, closets with Elfa Storage and kitchens with quartz countertops, Italian cabinetry and GE Profile™ appliances including gas cooking and clothes dryers.

National Development has released photographs of the apartment tower’s two staged model units which include a two bedroom unit overlooking Market Street with views of the Ben Franklin Bridge, and a one bedroom unit overlooking the property’s 10,000 square foot exterior resident amenity deck. These photos can be viewed at www.theludlow.com.

About East Market

Encompassing the full city block from Market to Chestnut and 11th to 12th Streets, East Market will also offer on-site shopping and dining options. This mixed-used project will blend urban and artisanal shopping and dining experiences with contemporary work and living spaces The growing list of tenants includes MOM’s Organic Market, Wawa, Iron Hill Brewery & Restaurant, Little Baby’s Ice Cream, District Taco, City Fitness, TJ Maxx, AT&T, Design Center Philadelphia and architecture firm Bohlin Cywinski Jackson. The project is owned by National Real Estate Advisors, LLC, an SEC-registered asset management advisor investing in major U.S. urban markets and subsidiary of the National Electrical Benefit Fund; Joss Realty Partners, a New York-based private real estate investment firm; Young Capital LLC, a Philadelphia-based real estate investment firm affiliated with Classic Management, Inc.; and SSH Real Estate, one of the largest privately held commercial real estate companies in the Greater Philadelphia Region. East Market is being developed by National Real Estate Development, LLC. For more information, please visit www.eastmarket.com or email eastmarket@natrealestatedevelopment.com.

About Greystar:

Greystar is a leading, fully integrated multifamily real estate company offering expertise in investment management, development and property management of rental housing properties globally. Headquartered in Charleston, South Carolina with offices throughout the United States, Europe, Latin America and Asia-Pacific, Greystar is the largest operator of apartments in the United States, managing over 425,000 units in over 140 markets globally, with an aggregate estimated value of approximately $80 billion. Greystar also has a robust institutional investment management platform dedicated to managing capital on behalf of a global network of institutional investors with over $21 billion in gross assets under management including more than $8 billion of developments that have been completed or are underway. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world class service in the rental housing real estate business. To learn more about Greystar, visit www.greystar.com.