Ensemble Real Estate Solutions & Investments | Mosaic Development Partners

Investment Highlights

• Ensemble and Mosaic entered into a strategic partnership with Oxford Properties Group. Over time, the venture will own and develop up to 3 million square feet of life sciences space in the $2.6 billion multi-phase, mixed-use development of the Navy Yard in Philadelphia, Pennsylvania.
• Through its agreement with PIDC—Philadelphia’s public-private economic development corporation, which oversees all management and development of the Navy Yard—the partners envision developing in excess of 2 million square feet of lab and GMP space for companies focused on R&D and commercialization, supplementing the Navy Yard’s vibrant, amenity-filled mixed-use ecosystem.
• Ensemble and Mosaic will continue as developer and asset manager, collaborating closely with Oxford. Ensemble will provide property management services for the partnership’s Navy Yard life sciences portfolio.

CBRE Role

• Exclusive Financial Advisor on the formation of a joint venture with Oxford Properties to recapitalize a portfolio of life sciences assets and provide capital for future phases of life sciences development.