Business Details
50+ Years
experience
Emergency
services
Philadelphia Real Estate Development Experts
For over 40 years, Blank Aschkenasy Properties has applied disciplined investment strategies and comprehensive real estate expertise to develop thriving communities in the Philadelphia region. Our vertically integrated platform enables seamless execution across acquisitions, development, and property management. Through hands-on leadership and deep market knowledge, we prioritize value-add opportunities while maintaining alignment with our partners' interests.Our commitment to collaborative redevelopment ensures every project enhances its surrounding community, as evidenced by notable achievements like transforming underutilized sites into mixed-use destinations that serve both commercial and residential needs.
Services
Commercial Development
Real Estate Investment
Property Management
Mixed-Use Redevelopment
Retail Space Leasing
Office Construction
Tenant Services
Details
- Year established: 1972
Highlights and features
- Over 40 years of Philadelphia real estate market expertise
- Vertically integrated platform handles all project phases internally
- Community-focused redevelopment approach with proven track record
- Hands-on management by partners with 59 combined years of experience
- Award-winning adaptive reuse of challenging urban sites like Bryn Mawr Village
What people say
Award-winning designs
Community-focused approach
Successful mixed-use projects
Strong local knowledge
Proven track record
Services
Commercial Development
Specialized in transforming underutilized properties into vibrant commercial centers through strategic acquisitions and adaptive reuse. Our Philadelphia-based team handles full lifecycle development from zoning approvals to construction management. Projects like Bryn Mawr Village demonstrate expertise in creating mixed-use destinations that enhance community infrastructure.
Real Estate Investment
Focused value-add opportunities in commercial and multifamily properties across the Northeast US. Our investment approach leverages local market knowledge and 40+ years of experience to identify undervalued assets with redevelopment potential. Partners invest alongside us, ensuring aligned interests and disciplined capital deployment.
Property Management
Active management of 1,000,000+ square feet of commercial space and 1,150 residential units through industry-leading maintenance and operational efficiency. Services include tenant relationship management, facility maintenance, and lease administration across diverse property types from medical office buildings to regional shopping centers.
Mixed-Use Redevelopment
Specialized in complex site integrations that combine residential, retail, and office components. Capabilities include navigating zoning challenges, infrastructure improvements, and creating cohesive tenant mixes. Notable projects include Jenkintown Commons redevelopment and Riverwalk Apartment Homes transformation along the Schuylkill River.
Tenant Services
Comprehensive property maintenance and emergency response services for retail and office tenants. Our dedicated team handles service requests through a 24/7 emergency line while proactively maintaining optimal property conditions. Focus on minimizing operational disruptions through preventive maintenance programs and rapid issue resolution.
People
Paul Aschkenasy
Managing Partner
Industry veteran with 28 years of Philadelphia real estate experience. Leads strategic direction for Blank Aschkenasy Properties' commercial developments and Relative Properties' multifamily investments. Recognized for transforming challenging urban sites into award-winning mixed-use destinations that serve community needs.
Devin Aronstam
Managing Partner
Real estate finance expert with 20 years of experience driving value creation through property acquisitions and redevelopment strategies. Co-leads Relative Properties' expansion of multifamily assets across the Northeast US while maintaining operational integration with core commercial business.
Questions
What geographic areas do you specialize in?
We focus on Philadelphia and surrounding suburbs including Bucks County, Montgomery County, and Delaware County markets.
How long have you been in business?
Since 1972, providing over four decades of continuous real estate development and investment expertise in the Philadelphia region.
What property types do you develop?
Commercial retail centers, medical office buildings, mixed-use developments, and multifamily residential properties across the Northeast US.
How do you approach community concerns?
We engage stakeholders early and maintain transparent communication throughout projects, as demonstrated by successful redevelopments like Bryn Mawr Village.
Are you involved in property management?
Yes, we actively manage all our commercial properties through an integrated platform that ensures consistent quality and tenant satisfaction.
How can tenants submit service requests?
Tenants can use our online form or contact our dedicated emergency line at (866) 450-6569 after hours.
