Business Details
50+ Years
experience
Emergency
services
Your Trusted Partner for Real Estate Development and Property Management Solutions
Since 1972, Blank Aschkenasy Properties has been a leader in real estate development, investment, and management across the Philadelphia region. Our approach combines over four decades of experience with a rigorous, hands-on methodology that prioritizes due diligence, market expertise, and vertically integrated operations. We specialize in value-add opportunities, leveraging local knowledge to deliver successful outcomes for tenants and partners. Our commitment to community collaboration ensures that every project enhances its surroundings through thoughtful design and sustainable practices.With a team boasting decades of combined experience, we align our investments with partners to ensure shared success. Our portfolio includes over 1 million square feet of retail and office space, alongside multifamily properties managed through our subsidiary, Relative Properties. From adaptive reuse projects like Bryn Mawr Village to new developments such as Giant at Jenkintown Commons, we consistently demonstrate expertise in navigating complex real estate challenges. Our reputation for integrity and long-term vision has solidified our position as a trusted leader in the industry.
Services
Real Estate Development
Property Management
Investment Management
Community Redevelopment
Retail Space Leasing
Office Space Development
Mixed-Use Projects
Multifamily Acquisitions
Details
- Year established: 1972
Highlights and features
- We offer 50+ years of combined leadership experience in Philadelphia real estate markets.
- Our intensive due diligence process identifies and resolves project challenges proactively.
- Vertically integrated platform enables full-spectrum control from acquisition to management.
- Community-focused approach ensures developments enhance local environments and meet needs.
- Award-winning track record includes Montgomery Award-winning Bryn Mawr Village redevelopment.
Services
Real Estate Development
We specialize in transforming underutilized sites into vibrant commercial spaces through strategic planning and execution. Our expertise spans adaptive reuse projects and new construction, focusing on retail, office, and mixed-use developments. With decades of local market knowledge, we deliver projects that meet community needs while generating strong returns for investors.
Property Management
Our comprehensive management services cover acquisitions, tenant relations, maintenance, and financial oversight. We maintain direct control over property operations through our vertically integrated platform, ensuring consistent quality across our 1+ million square foot portfolio. This approach maximizes asset value while maintaining tenant satisfaction through responsive service.
Investment Management
We align our investments with partners through value-add strategies that leverage local market expertise. Our focus on Philadelphia's suburban corridors allows us to identify opportunities others overlook, combining rigorous financial analysis with hands-on operational improvements to create superior returns for stakeholders while maintaining long-term community benefits.
Community Redevelopment
Our redevelopment projects prioritize thoughtful design that enhances neighborhood character while addressing modern needs. From Bryn Mawr Village to Jenkintown Commons, we collaborate with local stakeholders to create spaces that improve traffic flow, increase commercial activity, and provide essential services while preserving community identity through careful planning.
Retail Space Leasing
We offer prime retail locations across Philadelphia's key commercial corridors with flexible leasing options for national chains and local businesses. Our portfolio includes established centers like Marple Crossroads and newly developed sites such as Presidential Plaza, providing diverse opportunities for retailers seeking high-traffic locations in growing markets.
People
Paul Aschkenasy
Managing Partner
With 28 years of experience, Paul leads Blank Aschkenasy Properties' strategic direction since joining in 2000. He oversees all development and investment activities while maintaining the company's founding principles of long-term value creation and community engagement.
Devin Aronstam
Managing Partner
As co-Managing Partner with 20 years of real estate expertise, Devin focuses on investment strategy and multifamily operations through Relative Properties. He works closely with Paul to ensure alignment between development goals and investor returns across all projects.
Karyn Bennett
Senior Vice President-Property Management
With 26 years of experience, Karyn directs property management operations, ensuring high standards across the portfolio. She oversees tenant relations, maintenance, and day-to-day operations for the company's 1+ million square feet of commercial properties.
Karen Mapes
Senior Vice President-Finance
Karen manages financial operations with 28 years of experience in real estate accounting. She oversees investor relations, budgeting, and financial reporting for both Blank Aschkenasy Properties and Relative Properties' multifamily portfolio.
Bernie McCabe
Senior Vice President, Director of Construction
With 30 years in construction management, Bernie leads all development projects. He ensures quality control from concept through completion, applying his expertise to complex redevelopments like Giant at Jenkintown Commons and Bryn Mawr Village.
Questions
What types of real estate projects does Blank Aschkenasy Properties specialize in?
We focus on retail, office, mixed-use developments, and multifamily properties across the Philadelphia region, with expertise in both ground-up construction and adaptive reuse projects.
How long has the company been operating in the Philadelphia area?
Since 1972, we've maintained a continuous presence in Philadelphia's real estate market through strategic developments and long-term property management.
What distinguishes Blank Aschkenasy Properties from other real estate firms?
Our vertically integrated platform, decades of local market expertise, and proactive problem-solving approach enable us to deliver superior outcomes for tenants and investors.
Can tenants submit service requests online?
Yes, tenants can submit service requests through our website, with emergency support available via dedicated after-hours phone lines.
What community involvement initiatives does the company prioritize?
We emphasize collaborative redevelopment that enhances local environments, as demonstrated by our award-winning Bryn Mawr Village project and Jenkintown Commons development.
