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.
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.
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.
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.
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.
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.
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.
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.
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.
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.