The filing system is still in use by the Office of the Treasurer.Ī detailed description of the acquisition of real estate on the University of Pennsylvania’s West Philadelphia campus can be found on-line at Mapping Penn (). Harnwell administration–when the University acquired around its campus over 320 properties in 209 transactions. This system was in place during the period of greatest growth–the Gaylord P. After the existing records were inventoried and assigned envelope and deed box numbers, all new properties were given envelope numbers when the University acquired title. The demands of managing these properties required the Office of the Treasurer to establish a system for organizing the deeds and related paper work for University property in safety deposit boxes in a fireproof bank vault. In the period between 19, the University purchased a total of 393 properties in 101 transactions just for real estate around its West Philadelphia campus. It was in the twentieth century that the University of Pennsylvania experienced its largest growth in the number of properties it acquired and managed. Joseph Bennet and farms in Manchester, Massachusetts from John H. The financial needs that would support and sustain this growth created the need for active fundraising which not only resulted in gifts of cash, stocks and bonds but also of land, such as the Chestnut Street Opera House from Col. It was not until late nineteenth century after the University moved to its present campus in West Philadelphia in 1870 that Penn was seriously able to consider acquiring more land for expansion and investment. The number of properties the University owned and managed was relatively small in its early years because of the physical and financial limitations of a campus located in the heart of the going commercial center of a major American city. Being a part of the University’s financial assets, the records of University property have been maintained by the Treasurer. The acquisition, sale and management of land have been an integral part of the University of Pennsylvania’s history from the purchase of its first property in February 1750 on North Fourth Street, below Arch Street () and the acquisition of its first real estate investment in 1761 - Thomas Penn’s gift of a portion of the Manor of Perkasie in Bucks County, Pennsylvania.
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