Business Details
50+ Years
experience
Emergency
services
Your Trusted Partner in Real Estate Development & Management
Since 1972, Blank Aschkenasy Properties has been a leader in real estate development, investment, and management across the Philadelphia region. Our approach combines decades of experience with a vertically integrated platform, enabling us to execute projects from acquisition to construction with precision. We prioritize value-add opportunities through local market expertise and rigorous due diligence, ensuring alignment with partners and tenants.Our award-winning projects, like Bryn Mawr Village, reflect a commitment to community collaboration and innovative design. With a team boasting over 100 combined years of experience, we deliver tailored solutions that enhance property value and tenant satisfaction. Our success stems from anticipating challenges, resolving issues proactively, and maintaining long-term relationships built on trust and integrity.
Services
Real Estate Development
Property Management
Investment Management
Tenant Services
Construction Services
Acquisitions
Asset Management
Development Consulting
Community Redevelopment
Multifamily Investments
Details
- Year established: 1972
Highlights and features
- 40+ years of Philadelphia real estate expertise
- Vertically integrated platform for seamless execution
- Community-focused redevelopment approach
- Award-winning developments like Bryn Mawr Village
- Hands-on management ensuring tenant success
Services
Real Estate Development
We specialize in transforming underutilized sites into vibrant mixed-use spaces through strategic planning and adaptive reuse. Our expertise spans zoning, entitlements, and construction management, ensuring projects align with market demands and community needs. With over 40 years of local experience, we deliver developments that enhance property value and urban landscapes.
Property Management
Our hands-on approach to property management ensures optimal performance through proactive maintenance and tenant engagement. We leverage deep market knowledge to maximize occupancy rates while maintaining building standards. Services include financial oversight, operational efficiency improvements, and amenity enhancements tailored to each property's unique requirements.
Investment Management
We create value through targeted acquisitions and strategic repositioning of commercial and multifamily assets. Our investment thesis focuses on value-add opportunities where local expertise provides competitive advantages. By aligning our capital with partners, we ensure shared goals and long-term growth through disciplined portfolio management.
Tenant Services
We prioritize tenant satisfaction through responsive service requests and emergency maintenance solutions. Our dedicated team manages day-to-day operations while fostering relationships that support business growth. From retail to office spaces, we provide environments that enhance tenant productivity and operational success.
Construction Services
Our in-house construction expertise ensures quality control from concept to completion. Services include site preparation, building systems upgrades, and tenant improvements. We maintain strict timelines and budgets while delivering innovative designs that meet evolving market demands and regulatory standards across Philadelphia's diverse neighborhoods.
People
Paul Aschkenasy
Managing Partner
With 28 years of real estate experience, Paul leads strategic initiatives and investment decisions. He oversees portfolio growth and maintains key partner relationships while ensuring alignment with company values since joining in 2000.
Devin Aronstam
Managing Partner
Bringing 20 years of finance and real estate expertise, Devin co-leads investment strategies and multifamily operations. He focuses on value-add acquisitions and operational excellence, leveraging deep market knowledge to drive returns for investors.
Karyn Bennett
Senior Vice President - Property Management
With 26 years of property management experience, Karyn oversees day-to-day operations and tenant relations. She implements best practices for maintenance and service delivery, ensuring high occupancy rates and resident satisfaction across the portfolio.
Karen Mapes
Senior Vice President - Finance
Karen manages financial operations with 28 years of accounting and budgeting expertise. She oversees investor reporting and capital strategy, maintaining fiscal discipline while supporting growth initiatives through accurate financial forecasting.
Bernie McCabe
Senior Vice President - Construction
With 30 years in construction management, Bernie directs all development projects. He ensures quality control and timely execution from concept to completion, applying technical expertise to complex redevelopments and new builds across the region.
Questions
What types of properties do you manage?
We manage retail centers, office spaces, and multifamily residential properties across Philadelphia, Montgomery, and Bucks counties.
How can tenants submit service requests?
Tenants can submit service requests through our online portal or contact our emergency line at (866) 450-6569 after hours.
Do you offer multifamily investment opportunities?
Yes, through Relative Properties, we offer multifamily investments with value-add strategies focused on Northeast US markets.
What distinguishes your development approach?
Our vertically integrated platform enables comprehensive control from acquisition to construction, ensuring alignment with community needs and market demands.
Are financing options available for tenants?
We focus on property management rather than tenant financing, but we offer flexible lease terms and operational support for business growth.
What recent projects have you completed?
Recent projects include the Giant Co. store in Jenkintown, Bryn Mawr Village redevelopment, and Yardley Crossing multifamily expansion.
