Value-Add

Located in Pittsburgh’s South Hills, Maiden Bridge and Canongate Apartments consist of 415 units, two parking garages, a swimming pool and many other amenities. The asset had strong occupancy and low turnover despite the dated interiors. The ownership was transitioning to the third generation, essentially tripling the amount of voting parties and resulting in a wide range of ownership expectations.

Michael Liguori and Andrew Sherry were assigned the task of finding investors under the ‘off-market’ sale process. A private, invite-only approach was utilized with a select handful of pre-vetted investors. The deal successfully transferred as a result of Mike’s experience and long-standing investor relationships and Andrew’s financial evaluations and analysis.