Pearlmark closes on a high-yield investment for Lawrenceville Apartment Assemblage in Pittsburgh
Pearlmark has closed on a high-yield investment for the acquisition of Lawrenceville Apartment Assemblage, a 59-unit multifamily property with nine affordable units and seven retail bays in Pittsburgh.
The property is located on Butler Street, a prime corridor in the rapidly growing neighborhood of Lawrenceville.
The investment was made on behalf of Pearlmark Mezzanine Realty Partners V.
Steve Gordon, managing director of Pearlmark, who arranged the transaction for Pearlmark, said, “We are excited to be a financial partner to MultiVersity Housing Partners within their backyard of Pittsburgh with high confidence in their capabilities to implement the value-add business plan.”
