Multifamily news in Pittsburgh
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MultiVersity Housing Partners Assumes Management of Pittsburgh Student Housing
The company will manage Union on 5th, a vintage student loft rental community near Duquesne University.
01 April 2020 13:55 -
Morgan Properties Buys Pittsburgh Apartments for $29M
CBRE Capital Markets provided more than $20 million in acquisition financing through Freddie Mac.
20 January 2020 18:33 -
Pittsburgh Multifamily Report – Fall 2019
A diverse business climate and strong talent pool coming out of local universities are drawing companies to the city, boosting the region’s innovation economy.
25 November 2019 13:00 -
NRP Group Breaks Ground on Pittsburgh Community
The 442-unit project forms part of the Riverfront Landing development in the Strip District.
20 November 2019 14:23 -
Resort-Style Senior Living Community Opens Near Pittsburgh
Resort Lifestyle Communities’ independent living facility in Bridgeville, Pa., offers 128 residential units for adults age 55 and over.
04 October 2019 12:54 -
Pittsburgh Multifamily Report – Spring 2019
Apartment demand is fueled by young professionals looking for modern, well-located rental units in the city’s central neighborhoods.
03 June 2019 11:03 -
Top 5 Multifamily Transactions in Pittsburgh
While investment volume across the metro has fallen sharply since 2017, investors are shifting focus to suburban locations where value-add deals present higher yields.
22 April 2019 11:09 -
PA Student Housing Community Nearing Completion
The 197-unit community serves students at the University of Pittsburgh, Carnegie Mellon University and Carlow University. The property is scheduled to open in fall 2019.
11 March 2019 13:27 -
Pittsburgh STEM Growth Drives Rental Market
A diverse and balanced economy has begun to slow the region’s population decline, underpinning multifamily demand. An increasing number of young professionals have begun to call Pittsburgh their home.
15 January 2019 13:05 -
Solomon Org. Expands Pittsburgh Holdings
Siara Management sold the 308-unit Class B property in Moon Township, Pa. M&T Bank provided the new owner with a 15-year acquisition and development loan.
04 January 2019 06:46 -
Carnegie Mellon Purchases Pittsburgh Community
A private investor traded the 78-unit multifamily property for $17 million. The new owner plans to renovate the building and repurpose it as dedicated university housing.
21 November 2018 07:22 -
Vintage School’s New Assignment: Mixed-Income Community
Vacant since 1980, the 122-year-old school building will be transformed by Pittsburgh's housing agency into 35 residential units.
20 November 2018 06:02 -
Affordable Pittsburgh Asset Receives HUD Loan
Maple Ridge, which was acquired by Telesis Corp. this spring, is a 91-unit Class C rental property located in the East Hills submarket.
19 November 2018 14:00 -
Solomon Org. Acquires Pittsburgh Community for $41M
The buyer financed the acquisition of the 316-unit property with a $32.4 million Freddie Mac loan originated by M&T Bank.
25 October 2018 15:18 -
Pittsburgh Community Changes Hands
The 124-unit Class C property was sold for nearly $5 million. The new owner financed the transaction with a $7.5 million acquisition and development loan.
25 October 2018 15:14