Business Details
50+ Years
experience
Emergency
services
Your Trusted Partner for Philadelphia Real Estate Solutions
Since 1972, Blank Aschkenasy Properties has established itself as a leader in real estate development, investment, and management across the Philadelphia region. Our approach combines four decades of experience with a vertically integrated platform, enabling us to execute projects from acquisition through construction and long-term management. We prioritize value-add opportunities where our local market expertise and collaborative community engagement create lasting value for partners and residents. Our team's deep infrastructure supports all phases of real estate operations, including acquisitions, asset management, property management, development, and construction services.By aligning our capital with investor partners and maintaining proximity to our assets, we ensure accountability and shared success. Our portfolio includes over 1 million square feet of retail and office space, alongside 1,150 multifamily units managed through our subsidiary Relative Properties. Notable achievements include transforming underutilized sites like Bryn Mawr Village into vibrant mixed-use centers while maintaining a steadfast commitment to thoughtful design and community integration.
Services
Property Management
Real Estate Development
Investment Management
Construction Services
Acquisitions
Asset Management
Retail Space Leasing
Multifamily Management
Zoning Entitlements
Land Development
Details
- Year established: 1972
Highlights and features
- We offer 50+ years combined leadership experience in Philadelphia real estate markets
- Our vertically integrated platform enables comprehensive project control from acquisition to management
- We implement a rigorous due diligence process that anticipates project challenges proactively
- Our team maintains deep local market knowledge across commercial and multifamily sectors
- We prioritize community collaboration in all redevelopment initiatives
Services
Property Management
Our comprehensive property management services cover commercial and multifamily assets with dedicated teams handling maintenance, accounting, and tenant relations. We maintain 26+ years of average staff experience ensuring operational excellence across 1 million+ square feet. Our approach combines proactive maintenance with cost optimization strategies to maximize asset value.
Real Estate Development
From site acquisition through construction completion, we specialize in transforming underutilized properties into vibrant mixed-use developments. Our 40+ year track record includes complex infill projects requiring zoning entitlements and adaptive reuse solutions that align with community needs while delivering investor returns.
Investment Management
We deploy capital alongside partners in value-add opportunities where our local expertise creates competitive advantages. Our investment focus spans commercial repositioning and multifamily acquisitions with value-enhancement potential through unit renovations and amenity upgrades.
Construction Services
Our in-house construction division handles both new developments and property renovations with 30-year average team experience. Services include general contracting, building maintenance, and specialized construction management for complex adaptive reuse projects requiring zoning compliance and entitlement navigation.
Acquisitions
We identify and evaluate strategic real estate opportunities through extensive market analysis and local relationships. Our acquisition process emphasizes underperforming assets with value-add potential, focusing on Philadelphia's commercial corridors and multifamily markets with growth potential.
People
Paul Aschkenasy
Managing Partner
Leading Blank Aschkenasy Properties since 2004 with 28 years of real estate experience. Specializes in strategic acquisitions and development oversight while maintaining the firm's community-focused approach.
Devin Aronstam
Managing Partner
Co-managing partner with 20 years in real estate finance and investment strategy. Oversees Relative Properties' multifamily acquisitions and value-add implementation across Northeast US markets.
Karyn Bennett
Senior Vice President-Property Management
26-year veteran managing commercial property operations with expertise in tenant relations and large-scale maintenance programs across the firm's 1M+ SF portfolio.
Karen Mapes
Senior Vice President-Finance
28-year finance leader directing financial operations and investor relations. Ensures fiscal discipline across acquisitions, developments, and ongoing property management activities.
Bernie McCabe
Senior Vice President, Director of Construction
30-year construction expert overseeing development projects and property renovations. Leads teams in delivering complex adaptive reuse initiatives and new construction across diverse property types.
Questions
What geographic areas do you focus on for real estate development?
We specialize in Philadelphia and surrounding counties including Montgomery and Bucks County.
How long has your company been in business?
Our firm has been developing and managing real estate in the Philadelphia region since 1972.
What property types do you manage?
We handle commercial retail, office space, and multifamily residential properties through our dedicated platforms.
Do you offer emergency maintenance services?
Yes, we provide 24/7 emergency maintenance support for our tenants and properties.
How does your development process incorporate community needs?
We engage in collaborative redevelopment that addresses local market demands while respecting community character.
Reviews (5)
Adam Kossoy
Jun 20, 2021
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We ate at Enoteca Tredici. That is our favorite place to go for dinner when we are visiting our daughter at Villanova.
Christopher Ross
Aug 27, 2020
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I absolutely love the re-design. Parking is a little nuts, but it is a tight spot, and I think did pretty well with what they had. If you don't mind a little longer of a walk, it make sense to fill up the back first because 1/5 times you will get a spot near Lancaster. 5/5 you will find one in the back.
Andrew Zabel
Jun 22, 2020
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Little shopping area in a nice location. We love going here and getting bagels, or coffee and there's always plenty of parking which is nice.
Arcanian D.
Mar 19, 2017
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The signs for this place were up forever, so my expectations were high for the new shopping centre. The design of the place is well done and all stores easily accessible. Parking is a bit scarce, but there's street parking available and turnover is high. Happy to have La Colombe here as there are few good coffee choices around (just Gryphon, really). Looking forward to trying Turning Point eventually, but it's always so crowded. Still spaces available and hope management can attract some other nice stores/restaurants as this area has been pretty underserved recently. Also anticipating
Kris B.
Mar 03, 2017
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This business is not a positive member of our community. There is a woman who literally sits and monitors the parking lot - because that's a productive use of time. My husband and I went to XOLO for lunch but their lot was full, so given the parking lots was empty here and we always go to this center for coffee at La Columbia, we parked at very end (where there was no one) and grabbed lunch and INTENDED to grab coffee... but because this woman has nothing better to do, she had my car towed to the tune of $210. Know that as a member of this community, I will not be spending another $210
