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Records, 1963-1995.
University Archives UPV3
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- Format:
- Other
- Author/Creator:
- University City Associates, Inc. (University of Pennsylvania).
- Language:
- English
- Subjects (All):
- University of Pennsylvania. Office of the Treasurer. Department of Real Estate.
- University of Pennsylvania.
- Hertzfeld Associates, Inc. (Philadelphia, Pa.).
- University of Pennsylvania--Student housing.
- University of Pennsylvania. Division of Institutional Real Estate.
- Student housing--Pennsylvania--Philadelphia.
- Student housing.
- Real estate management--Pennsylvania--Philadelphia.
- Real estate management.
- Real estate business--Pennsylvania--Philadelphia.
- Real estate business.
- Real property--Valuation--Pennsylvania--Philadelphia.
- Real property.
- Rental housing--Pennsylvania--Philadelphia.
- Rental housing.
- University City (Philadelphia, Pa.).
- Genre:
- Leases.
- Penn Provenance:
- Transferred from University City Associates, Inc., 1994-1999.
- Physical Description:
- 9.5 cubic feet.
- Arrangement:
- The collection has been divided into five series: Board of Directors, 1963, 1982-1990; Administration, 1977-1992; Property files, 1975-1995; Financial Records, 1965-1991; Construction, 1987-1990. The Administration and Construction series are arranged alphabetically by subject. The Property files are arranged in two sections, the first by the original property code assigned by the UCA and the second alphabetical by property name. The Board of Directors and Financial Records series are arranged chronologically.
- Place of Publication:
- 1963-1995.
- Biography/History:
- In November 1963, a group of people termed "friends" of the University of Pennsylvania, that included a few senior administrators of the University of Pennsylvania, formed University City Associates, Incorporated (UCA). The corporation was created as a for-profit stock company whose mission was primarily to locate and develop interim student housing around the University campus. In March of 1964 the University entered into an agreement with the UCA in which it would be entitled to the right of first refusal in purchasing any stocks which went up for sale.
- From the 1960s to the early 1980s, UCA was primarily involved in managing supplemental residential housing for students and faculty as well as managing some commercial properties in University City and West Philadelphia. Throughout most of this period the daily operations of the UCA were conducted by the real estate firm of Hertzfeld Associates, who also managed much of the commercial and residential space owned by the University.
- With the reorganization the management of University property in in 1985 by creation of the Department of Real Estate, later called the Division of Institutional Real Estate, the University took direct control over the UCA. In 2000 the corporation was converted from a for-profit to a not-for-profit tax-exempt corporation.
- Summary:
- The collection documents the real estate business investments and opportunities of the UCA, since the late 1960s.
- The Board of Director and Administration series documents the transition of the UCA from an independent corporation to the integrated unit of the University of Pennsylvania from 1982 to 1992. The minutes of the board of directors as well as their agendas and reports detail this process. These series also contain various letters, financial reports and drafts of agreements regarding the property management of the UCA.
- The property files trace the transactions on many of the properties the UCA has offered for lease during the 1980s and early 1990s. This series contains lease agreements signed between the UCA and tenants, administrative correspondence, some construction or maintenance records, and miscellaneous financial records including City of Philadelphia tax documents. Among the properties represented here are the former Episcopalian Philadelphia Divinity School, Walnut Mall, Chestnut Hall, Spruce Hall, University City Shopping Center, 133 South 38th Street, 3424 Sansom Street, and 3910 Chestnut Street. There are also appraisal reports of all the UCA properties held in 1985, some of which include photographs of the buildings.
- Finding Aid/Index:
- Unpublished finding aid available from the repository.
- OCLC:
- 122545267
- Access Restriction:
- Records closed for twenty-five years from date of creation.
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