PHILADELPHIA, May 21, 2026 – Corten Real Estate announced that it has exited a preferred equity investment in the Kennett Square Apartments, a 166-unit Class A multifamily community developed by Berger Investments.  Corten capitalized the construction of this property with an $8.5 million investment from Corten Real Estate Fund II LP in December 2022.  The asset delivered in Fall 2024 and is now stabilized.

Corten Principal Matt Kattler, CFA, commented, “The opportunity to partner with a high-caliber sponsor like Berger Investments, combined with the asset’s superior location and quality, gave us conviction from the outset. While we remain selective on new construction opportunities, we continue to actively provide preferred equity solutions to strong sponsors.”

About Corten Real Estate

Corten Real Estate is a dynamic real estate investor/operator that targets middle-market assets across the United States impacted by varying financial, operational, or strategic pressures. The Firm specializes in creating unique capital solutions – utilizing both debt and equity instruments – to address situations faced by a variety of stakeholders.

For more information, please contact: Stefanie Langer, Principal and COO, slanger@cortenrealestate.com.