Pittsburgh Real Estate: Opportunity In Private Equity (White Paper Download)

Post by 
Dan Croce

Real estate private equity is increasing in popularity as an alternative asset class. Pittsburgh is rapidly becoming one of the world’s best locations for long-term real estate investment. Provided is an overview of both — the Pittsburgh Real estate market and the opportunities that abound specifically in private equity. Attached is our white paper  Investing in Pittsburgh Real Estate: Private Equity

Pittsburgh Real Estate: Economic Strength & Future Growth

The Grosvenor Group recently ranked Pittsburgh as the fifth most resilient city in the world. The study ranked cities outside of the traditional real estate evaluation metrics of projected vacancy rates and rental growth estimates. Cities were ranked based on climate, environment, resources, infrastructure, community, governance, planning systems, institutions, and technical, learning and funding structures.

CBRE, a local real estate firm, noted, “Many cities experienced a weak commercial real estate market during the recession with weak demand, layoffs, rising vacancies, falling rental rates and lower values. We were a little more recession-proof of PNC’s growth, strong meds and education, and the growing demand in the oil and gas industry.” Pittsburgh’s proven economic stability during the recession should help ease the worries of investors.

US News and World Report recently published a study recognizing that Pittsburgh ranked a 79% on the value index, representing that Pittsburgh has a lower cost of living than that of similarly sized metro areas when comparing housing costs to median household income.

Private Equity Opportunity

When researching for a location that will provide high returns on real estate, it is key to examine the core companies that build the backbone of the region. Pittsburgh has diverse industries ranging from top-notch financial services to leading national healthcare providers. Some examples of such firms are BNY Mellon, PNC, UPMC, and Dick’s Sporting Goods; all companies that are at the forefront of their specific business sectors. As of June 2017, Pittsburgh was home to six companies on the Fortune 500 list, with much more on the verge of breaking into the prestigious group.

To continue, please feel free to download our white paper —  Investing in Pittsburgh Real Estate: Private Equity

Keep Up With Birgo

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
THere's More

Posts You Might Also Like

Birgo Capital

When Is It Time to Buy? A Birgo Capital Perspective Update

In early March 2020 as stay-at-home orders spread across the country, owners of workforce housing assets held their breath as they waited to see whether tenants who couldn’t work from home would pay rent. Investors across the country – Birgo Capital included – shifted from a posture of aggressive acquisitions to one of hoarding cash and halting new deals. While we are a far cry from back to normal, some patterns have emerged that inform our perspective about continuing to acquire stabilized but underutilized multifamily housing in the Heartland.
Birgo Capital

Collecting Rent During COVID-19: An Update from a Private Equity Real Estate Investment Perspective 

As another quarter comes to an end (and after about six months into the novel coronavirus pandemic), Birgo Capital principal Dan Croce takes a look at the firm's rent collection. Read Dan's analysis and insights in Birgo Capital's latest article and learn how multifamily real estate properties have been impacted.
Birgo Capital

An Overview: Types of Commercial Real Estate Properties

Investing in “commercial real estate” often seems like a logical next step for serious investors who want to gain best-in-class exposure to the real estate asset class. However, it’s easy to become overwhelmed after realizing that commercial real estate encompasses a significant variety of property types. Birgo Capital is here to help introduce investors to commercial real estate property types. Let's take a brief look into each commercial real estate asset type.
Birgo Capital

Exploring Cash-on-Cash Returns

Real estate investing may seem daunting, especially with a plethora of terminology and phrases. Birgo Capital's Josh Fischer breaks down one of these terms – the cash-on-cash return.
Birgo Capital

Private Equity Real Estate Fund Structures: A Primer

Tiptoeing into the world of real estate private equity fund investing can be intimidating because the structure and terms can seem difficult to digest. Let's explore the structure and unique features that exist within private equity real estate funds.