300-unit, multi-family development deal closed located in Suburban Chicago. Tenant occupied and the majority of the property operates with existing leases in place.
David Rounick focuses on acquiring commercial real estate and related investment opportunities and is passionate about investing in the revitalization of urban areas. Mr. Rounick is always on the lookout for viable real estate investments, particularly commercial, multi-family, student housing and distressed real estate opportunities.
David M. Rounick
Real Estate Developer, Based in Penn Valley, PA
Commercial Properties / Apartment Buildings, Student Housing Complexes / Real Estate Investor
Geographic Coverage: Greater Philadelphia Area, New Jersey, Pennsylvania, Oklahoma
David Rounick, based out of Penn Valley, PA, specializes in commercial real estate property investment in the greater Philadelphia region and including involvement in real estate projects located in Pennsylvania, New Jersey and Oklahoma. The existing real estate portfolio includes commercial properties primarily focused on apartment buildings, apartment complexes, student housing and mixed-use commercial projects.
Mr. Rounick’s interest in the real estate industry stems from his involvement in the Rounick family’s former business, Deb Shops, a nationwide specialty retailer of fashionable apparel, shoes and accessories. David Rounick’s grandfather, Philip Rounick, founded JOY Hosiery in Philadelphia with Aaron Weiner. Later, when the next generation came onboard, David’s father, Marvin Rounick, and Warren Weiner expanded the company with the opening of Deb Shops and Tops & Bottoms into shopping malls nationwide.
Real Estate Focus
- Commercial Properties / Apartment Buildings
- Multi-family Renovations
- Redevelopment of condominium projects
- Developing student housing apartment complexes
- Complex real estate property
- Acquire / Redevelop Distressed Commercial Properties