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

How Will COVID Impact Pittsburgh Multifamily Real Estate?

Will the relative resilience that Pittsburgh enjoyed during the last recession translate to similarly impressive performance through this one? Let’s examine several regional economic factors to determine how Pittsburgh multifamily real estate is likely to perform during the current crisis and in the years to come.
Birgo Capital

Collecting Rent During COVID: June Rental Income Update

Birgo’s rent collection took a hit in late March, but April and May were solid. How is June shaping up?
Birgo Capital

Impact of COVID-19 on Real Estate Operating Expenses

Through COVID-19 and associated economic shutdowns, real estate investors have largely been focused on how these events will impact revenue. However, multifamily investors must also be thoughtful about other components of the cash flow equation - particularly the impact this recession will have on expenses. In this post, we’ll highlight a few key areas of consideration for the impact of the coronavirus recession on operating expenses.
Birgo Capital

Four Strategies to a Stabilized Real Estate Portfolio

In a new economic landscape, these tips can help you find stability in real estate.
Birgo Capital

When is it Time to Buy?

As the corona-dust begins to settle, many investors are wondering how to know when it is the right time to begin acquiring real estate again. Here is how we are thinking about acquisitions during a pandemic at Birgo Capital.