Rittenhouse Realty Advisors Launches, Creating a New Powerhouse in the Commercial Real Estate Brokerage Industry

PHILADELPHIA--(BUSINESS WIRE)--Rittenhouse Realty Advisors, LLC, announced today that they have launched a commercial real estate brokerage, consulting and advisory firm in Philadelphia, New York and Washington D.C. that intends to change the game in the Commercial Real Estate Brokerage Industry.

“When I brought the initial group together my primary objective was to create a cooperative and creative working environment, with extraordinary operating capabilities to attract the very best in our industry”

Rittenhouse Realty Advisors (RRA), founded by Ken Wellar and Corey Lonberger, formerly of Marcus & Millichap and Benjamin Oller, President/Founder, of The Condo Shop, will draw upon the vast experience of its Principals to guide RRA’s evolution from new company to industry leader. In addition to the founding team, RRA has added Mark A. Duszak formerly of CB Richard Ellis and a 10 year veteran of the multi-family real estate market. The RRA team already assembled has amassed $4 billion in commercial and multi-family real estate sales over the last nine years.

Rittenhouse Realty Advisors will differentiate itself from its competition by the application of four core concepts, culminating in superior client service: Advisory, Technology, Team, and Strategic Partnerships. In an industry where internal competition for commissions often leaves clients confused and shorted on the best market value for their properties, RRA seeks to change that through its innovative approach.

“We believe there is a real need for client-specific education services not currently available in the marketplace. This was the impetus for our advisory services which will be a great complement to our traditional brokerage capabilities,” said Ken Wellar, Co-Managing Partner, Rittenhouse Realty Advisors.

“As a new firm, Rittenhouse Realty Advisors has the ability to create our own culture while embracing creativity, technology and cooperation. We saw a serious void in the industry and we intend to fill it with an innovative approach and an experienced team who understand the value of working together to produce outstanding client relationships,” said Corey Lonberger, Co-Managing Partner, Rittenhouse Realty Advisors.

“When I brought the initial group together my primary objective was to create a cooperative and creative working environment, with extraordinary operating capabilities to attract the very best in our industry,” said Benjamin Oller, Partner, Rittenhouse Realty Advisors.

About Rittenhouse Realty Advisors

Rittenhouse Realty Advisors (RRA) specializes in the sale of multi-family communities and provides advisory services to clients in the Tri-State Region. The RRA Executive team has over 30 years of Multi-family Investment Sales experience and over $4 billion in sales. The RRA team utilizes diverse knowledge, experience and relationships to provide a tightly integrated, conflict-free approach to brokerage and investment sales resulting in superior client service and achieving the highest real estate objectives for their clients and partners. RRA brokers and advises on: Institutional Properties, Student Housing, Market Rate, Bond and Tax Credit Communities, Value-Added, Rehab & Distressed Communities, REO & Distressed Assets, New-Construction, Research & Valuation Services, Consulting & Advisory Services, and Property Management Services. RRA has offices at 1628 JFK Boulevard, Philadelphia, Pa. 19104 and 200 W. 57 Street, New York, New York, 10019.