Investor profile - PA
Richard Saas
Richard Saas is a real estate investor and operator based in Philadelphia, PA-NJ-DE-MD. Public filings show activity across 1 properties held through 5 holding companies. Recent mortgage relationships include AAREAL CAPITAL, Principal, and TD Bank.
Richard's Activity
As of December 2025, public records show approximately $205.2M in recorded mortgage exposure linked to this investor across at least 7 mortgage filings and 1 properties held through 5 holding companies. Activity appears concentrated in office assets recorded between 2009 and 2024.
Associated People
Primary Geography
Philadelphia, PA-NJ-DE-MD
ZIP codes: 19107
Most recorded activity for this investor appears in PHILADELPHIA.
Property Type Breakdown
Associated Entities (5)
PA · 2 properties · 3 mortgages
PA · 0 properties · 3 mortgages
PA · 0 properties · 1 mortgage
+2 more not shown
Mortgages (7)
Top Lenders
| Date | Amount | Status | Lender | Borrower | Address |
|---|---|---|---|---|---|
| 09/24/2021 | $91.0M | Open | Principal | AVENUE OF THE ARTS OWNER LP | - |
| 04/16/2019 | $182.6M | Closed | Global Atlantic Financial Group | 400 MARKET LP | 111 S INDEPENDENCE MALL E, PHILADELPHIA, PA 19106 |
| 04/10/2018 | $114.2M | Open | AAREAL CAPITAL | 400 MARKET LP | 111 S INDEPENDENCE MALL E, PHILADELPHIA, PA 19106 |
+4 more not shown
Owned Properties (1)
| Address | Deeded owner | Status | Consideration |
|---|---|---|---|
| 1338 CHESTNUT ST, PHILADELPHIA, PA 19107 1208 | AVENUE OF THE ARTS OWNER LP | Owns - 11.8 yrs | $33.0M |
+0 more not shown
FAQ
What type of real estate does this investor focus on?
Associated mortgages and deeds show activity in office properties across Philadelphia, PA-NJ-DE-MD.
What companies is Richard Saas associated with?
Richard Saas is associated with 5 entities based on extracted signatures from public records. Key entities include AVENUE OF THE ARTS OWNER LP, 400 MARKET LP, BOURSE MALL ASSOCIATES LP, BOURSE TOWER ASSOCIATES LP, and CONSTITUTION PARTNERS LP.
How many properties are associated with this investor?
At least 1 properties are associated with Richard Saas and the entities they control, based on signatures extracted from recorded documents connecting Richard Saas to the entities.
Which lenders has this investor worked with?
Recent mortgage activity references AAREAL CAPITAL, Principal, and TD Bank, indicating a mix of lending relationships.
How recent is their activity?
Records show activity from 2009 through 2024, with the most recent mortgage recorded in 2021.
How is associated activity determined?
Elementix uses AI to extract signatures from recorded documents. These signatures are used to determine the relationships between people and entities. This is a novel approach that goes beyond looking at corporate filings and skip-tracing.
The information displayed on this page is compiled from recorded real estate documents, business filings, and other lawfully available sources. Elementix summarizes and analyzes public record activity related to investment real estate and associated business entities. Any contact indicators shown (such as email domain references or partial phone digits) are provided solely as unverified signals and may be incomplete or outdated.
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