SSH Real Estate

What SSH Real Estate does

SSH Real Estate is a Philadelphia-based, full-service commercial real estate firm operating four integrated business lines: Investments, Brokerage, Property Management, and HVAC/building maintenance services (via its wholly owned SSH Facilities and SSH Advantage platforms). Founded in 1952 as Harold B. Hess Company and rebranded to SSH Real Estate in 2004, the company has roots in the Greater Philadelphia market dating over seven decades. Its Investments Division acquires and develops office, flex, industrial, retail, and multi-family properties, with a portfolio totaling more than 5 million square feet and cumulative transactions exceeding $1.5 billion, executed alongside institutional equity partners including Quilvest Private Equity, National Real Estate Advisors, and JOSS Realty Partners. The Brokerage Division provides tenant representation, landlord representation, and investment sales through a team led by founders Pete Soens and Jeffrey Seligsohn, with Jeff Seligsohn personally completing more than 750 transactions totaling over 12 million square feet during his career.

The Property Management Division operates approximately 6 million square feet of commercial space across 250+ tenant relationships, while SSH Facilities (with over 60 employees) delivers HVAC, plumbing, electrical, carpentry, painting, masonry, and 24/7 emergency building services to more than 300 commercial clients across Pennsylvania, New Jersey, Delaware, and Maryland, reporting a 95% client retention rate. The firm's revenue model combines recurring property management fees (per-square-foot, typically monthly), transaction-based brokerage commissions, episodic investment returns from principal equity participation in joint-venture developments, and professional services revenue from the HVAC/buildings platforms. Its technology stack relies on conventional commercial real estate infrastructure, including Building Automation Systems (BAS) for HVAC climate control, IoT monitoring for energy efficiency, and third-party tenant portals (CommercialCafes, Angus Anywhere) for rent payment and maintenance requests. Distribution is relationship-driven through direct sales across two offices (Center City Philadelphia and West Chester), with industry recognition including a 2020 Philadelphia Business Journal Deal of the Year award for the East Market / Jefferson Health development. As of June 16, 2026, SSH Real Estate was acquired by Transwestern, integrating the firm and its team into a national commercial real estate platform operating as Transwestern Philadelphia.

Name

SSH Real Estate

Legal name

SSH Real Estate

Website

https://sshrealestate.com

Company type

Private

Founded year

1952

Operating status

Acquired

Headcount range

101–250 employees

Short description

SSH Real Estate is a Philadelphia-based full-service commercial real estate firm offering integrated brokerage, property management, investment, and HVAC/facilities services to clients across the Greater Philadelphia region and the Mid-Atlantic, recently acquired by Transwestern.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (5312), Lessors of Real Estate (5311)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Commercial real estate brokerage
• Property management services
• Commercial property investment
• HVAC building services
• Tenant representation services

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Property Management Fees: Ongoing property management fees for managing commercial space on behalf of third-party owners and SSH-owned assets. Services include facility management, accounting, rent collection, construction oversight, and staffing.
2. Brokerage Commissions: Transaction-based commissions from tenant representation, landlord representation, and investment sales. SSH has completed billions in transactions spanning multiple product types and capital structures since 1952.
3. Investment Returns: Returns from ownership interest in commercial properties acquired and developed with institutional equity partners. Portfolio includes office, flex, industrial, retail, and multi-family assets in Philadelphia region.
4. Maintenance Services Revenue: Revenue from SSH Facilities and SSH Advantage providing HVAC maintenance/repair/replacement, building maintenance, plumbing, electrical, carpentry, painting, masonry, and asphalt repairs to commercial clients.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

SSH Real Estate is a 100-person, full-service commercial real estate company serving the Greater Philadelphia region with four integrated divisions: Investments (acquiring and developing office, flex, industrial, retail, and multi-family properties totaling over 5 million square feet and $1.5+ billion in transactions), Brokerage (tenant and landlord representation since 1952), Property Management (managing approximately 6 million square feet of commercial space), and SSH Facilities/Advantage Maintenance Services (HVAC, building maintenance, plumbing, electrical, and 24/7 emergency services across PA, NJ, DE, MD).

Product overview

SSH Real Estate is a 100-person, full-service commercial real estate company serving the Greater Philadelphia Region with four integrated divisions: Investments (acquisition and development of office, flex, industrial, retail, and multi-family properties totaling over 5 million square feet), Brokerage (tenant and landlord representation since 1952), Property Management (managing over 6 million square feet of commercial space), and Advantage Maintenance Services. Additionally, SSH Facilities provides comprehensive commercial HVAC, building maintenance, and plumbing services through a separate platform with over 60 employees serving Pennsylvania, New Jersey, Delaware, and Maryland. The company also offers in-house legal services, space planning, construction management, and financial analysis to support all divisions.

Differentiator

Problem solved

Functional benefit

Brands

• SSH Facilities: Commercial HVAC and building maintenance services platform serving the greater Philadelphia region with over 60 employees providing HVAC preventative maintenance, repair and replacement, electrical, carpentry, plumbing, painting, masonry and asphalt repairs.
• SSH Advantage Maintenance Services

Products and services

• Property Management Full-service property management including facility management, accounting, rent collection, construction oversight, and staffing for approximately 6 million square feet of commercial space across the greater Philadelphia region. Serves 250+ tenant relationships.
• Brokerage Services Tenant representation, landlord representation, and advisory services for commercial real estate transactions in the greater Philadelphia region. Represents private, public, and non-profit clients in office, retail, industrial, and investment property deals since 1952.
• Investments

Quantifiable outcome

• Over $1.5 billion in real estate acquired and developed since 2002
• +4 more outcomes

Named customers19 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• TranswesternflagshipStrategic or Co-development Partner · 16 June 2026SSH Real Estate acquired by Transwestern, expanding the national firm's presence into Philadelphia. The deal brings SSH's team operating from 123 S. Broad St. into Transwestern and is expected to potentially reshape Philadelphia's property management and brokerage market.
• JOSS Realty PartnerscoreStrategic or Co-development Partner · 1 January 2009Joint venture partner with SSH and Young Capital to acquire the ground lease of East Market property (formerly Girard Square), a 4.3-acre mixed-use development site. Subsequently partnered with National Real Estate Advisors for $600 million Phase I development.
• National Real Estate AdvisorscoreStrategic or Co-development Partner · 1 January 2009Joint venture partner on East Market development Phase I ($600 million, 560 luxury apartments, 110,000 SF retail, 200-car garage, 220,000 SF Class A office) and Phase II ($500 million+ including Canopy by Hilton hotel and medical office building).
• Young CapitalcoreStrategic or Co-development PartnerLong-term joint venture partner on multiple acquisitions including 230 South Broad Street and 1776 Massachusetts Ave. Young Capital co-invested alongside SSH in office and flex/industrial properties.

Scale indicators10 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Binswanger: Binswanger is a commercial real estate brokerage and management firm with deep Philadelphia and Mid-Atlantic presence covering office, industrial, and retail product types. Brian Kash previously served at Binswanger before joining SSH, evidencing direct talent and market overlap.
• Marcus & Millichap: Marcus & Millichap specializes in commercial real estate investment sales with a national brokerage network covering office, industrial, multifamily, and retail. It is comparable to SSH's Brokerage and Investments divisions in size and product focus.

Broad incumbents

• CBRE Group: CBRE is the world's largest commercial real estate services firm, offering brokerage, property management, and investment services across all major U.S. markets including Philadelphia. CBRE is a broad incumbent to SSH's full-service CRE platform and is also a current SSH Facilities HVAC client.
• Colliers International: Colliers is a global commercial real estate services and investment management firm offering brokerage, property management, and project management services. It is a direct competitor for Philadelphia tenant/landlord representation and investment sales mandates.
• Avison Young: Avison Young is a global commercial real estate services firm with strong Philadelphia presence, offering brokerage, property management, and investment advisory. It is also an SSH Facilities HVAC client and competes for the same regional mandates.
• JLL: JLL is a global commercial real estate services firm offering brokerage, property management, and investment advisory across all major U.S. markets. JLL competes head-to-head with SSH in Philadelphia brokerage and is also a current SSH Facilities client.
• Cushman & Wakefield: Cushman & Wakefield is a global commercial real estate services firm with full-service brokerage, property management, valuation, and investment advisory capabilities. It competes with SSH across the Philadelphia commercial market and is also an SSH Facilities HVAC client.
• Newmark Group: Newmark is a full-service commercial real estate advisory firm offering leasing, investment sales, property management, and consulting. It competes with SSH in Philadelphia and across the Mid-Atlantic for institutional and corporate CRE mandates.

Regional players

• NAI Global: NAI Global is a commercial real estate brokerage network with member firms providing brokerage, property management, and investment services across regional markets. It competes with SSH for mid-market Philadelphia commercial mandates and shares a similar regional platform structure.
• TCN Worldwide: TCN Worldwide is a commercial real estate services consortium of independent member firms operating across regional U.S. markets. It is comparable to SSH as a regional/mid-market full-service CRE platform with brokerage, management, and investment capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/sshrealestate
• LinkedInlinkedin.com/company/ssh-real-estate
• Instagraminstagram.com/sshrealestate

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SSH Real Estate