New Apartment Project in South Kensington Neighborhood of Philadelphia Featured in Philadelphia Inquirer
The Californer/10063867

PHILADELPHIA - Californer -- Philadelphia's most popular daily news outlet, The Philadelphia Inquirer, ran a feature article February 4, 2020 on Mike Tester's and Rickey Biddle's new apartment project in the South Kensington Neighborhood of Philadelphia, Pa., which was funded by Tri-State Capital Bank and sourced by Diligence Capital Advisors.

The Tester/Biddle project is a 10 Million Dollar, 6-story, 36 Unit, Mixed-Used Development Project located at 629-633 West Girard Avenue in the South Kensington Neighborhood of Philadelphia. Diligence Capital Advisors represented the recently branded R+M Development Company joint venture on the transaction consisting of  prominent Philadelphia-based developer Michael Tester, the owner of Tester Construction Group and developer Rickey Biddle, the owner of MK Management Group (Philadelphia). The Tester-Biddle joint venture has developed over 20 apartments projects together in Philadelphia consisting of 200+ units.

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"We are delighted that the Philadelphia Inquirer has taken an interest in our new project in the South Kensington neighborhood of Philadelphia which we believe is a perfect site for a forward-thinking, impactful project that we are excited to build," said Michael Tester, co-developer of the project.

"We are delighted that our new project on Girard Avenue site is getting significant exposure from national media outlets. We are really excited about this project," said Rickey Biddle, co-developer of the project.

"I thought that the Philadelphia Inquirer did a nice job with their story on our client's project. We are thankful to be featured in the story," said Jared Cobert, managing partner of Diligence Capital Advisors based in Philadelphia.

Construction will begin construction in the Spring of 2020 and will deliver the project in the 4th quarter of 2021.

About Tester Construction Group. For more information on Tester Construction Group, visit https://testerconstruction.com/

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About MK Management Group. For more information on MK Management Group, visit https://www.mkmgmtgroup.com.

About Diligence Capital Advisors

Diligence Capital Advisors is a Capital Solutions Firm based in Philadelphia, Pennsylvania and Haddonfield, New Jersey.  The principals of Diligence Capital Advisors have sourced and/or closed senior debt, mezz debt, JV equity and preferred equity deals valued over 2 billion dollars.  If you have a real estate project in the Philadelphia or New Jersey market that requires debt or equity, contact Diligence Capital Advisors at http://www.DiligenceCapitalAdvisors.com