Building Density Where Cities Need It Most
FORGE acquires underutilized urban land and delivers high-quality rental housing in Philadelphia’s emerging neighborhoods.
INVESTMENT THESIS
Philadelphia is significantly undersupplied with quality rental units, the City’s 2025 H.O.M.E. Initiative housing plan estimates the market is short roughly 17,000 units relative to a healthy vacancy rate, with about two-thirds of that gap in rental housing. FORGE targets vacant, blighted, and underutilized sites, acquiring through direct negotiation, tax sale, and community partnership, rarely through competitive bid, preserving a land basis advantage that creates embedded return from day one.
FORGE has an established presence in Philadelphia with active projects and a proprietary pipeline of off-market sites in West Philadelphia, North Philadelphia, and Germantown.
- Sector
- Urban Infill & Multifamily
- Markets
- Philadelphia, PA
- lawrence@forgellc.net
WHY PHILADELPHIA
Forge builds urban infill and multifamily in a Philadelphia market that is adding jobs, tightening vacancy, and bringing new supply back online after a construction lull.
Source: Yardi Matrix, Philadelphia Multifamily Market Report, Aug. 2025; CoStar data via Bisnow.
Source: Cushman & Wakefield data, via The Real Deal, “Philly’s Multifamily Construction Set to Rebound in 2026,” Dec. 2025.
FLAGSHIP PROJECT
A vacant, underutilized commercial structure at the corner of Westminster Ave and North 51st Street. FORGE will demolish and deliver 74 market-rate rental units across five stories, with ground-floor commercial space and structured parking.
FORGE’s leadership team is part of the Kaufman & Company platform team, see the Our Team page.
OUR COMMUNITIES
IN CONSTRUCTION
