Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
Brian Hummell
Director
614.468.5773 brian.hummell@berkadia.com
Ian Hilpl
Managing Director
315.406.0900
ian.hilpl@berkadia.com
Hunter LaRocca
Director
407.227.9643
hunter.larocca@berkadia.com
Kevan Enger
Senior Managing Director
407.494.8541
kevan.enger@berkadia.com
Manufactured Housing Investment Advisors
Rick Brace
Senior Director
248.341.3319
rick.brace@berkadia.com
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Pittsburgh, PA
Boasting a strong workforce of more than 1.1 million total employees, Greater Pittsburgh has a dominant presence across all employment sectors. Known as “The Steel City,” the Pittsburgh Metro is full of well-known manufacturing companies such as US Steel, Ampco Pittsburgh, and Allegheny Technologies. Downtown Pittsburgh is located at the intersection of the Ohio River and Monongahela River and provides a long history of being known as a sports city, with four major professional sports teams located within the city. Interstates 79, 376, and 279 run throughout the Pittsburgh Metro and connect the region with other surrounding cities such as Wexford, Greensburg, and New Kensington.
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Berkadia Manufactured Housing is excited to present the Pittsburgh, PA Portfolio, comprised of four manufactured housing communities—Oak Estates, Pleasant Heights, Greendown Acres, and Hunters Run. This portfolio encompasses 386 sites and benefits from its strategic location near Pittsburgh, the second-largest Metropolitan Statistical Area (MSA) in Pennsylvania, which has experienced recent population growth. These properties not only boast great curb appeal but also present a unique investment opportunity with below-market rents, suggesting a strong potential for revenue growth. In addition, the majority of utilities are publicly provided, reducing maintenance costs and improving service reliability. Additionally, the minimal amount of park owned homes and the opportunity to share staffing resources across the properties enhances operational efficiency and cost-effectiveness. Finally, with an occupancy rate of 88%, the property maintains a stable tenant base with room for growth. This portfolio represents a unique opportunity to invest in a stable, well-positioned asset with potential for significant growth and operational efficiencies.
Portfolio Summary
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97 sites
Greendown Acres MHC
210 Allen Lane
Duncansville, PA
107 sites
Pleasant Heights
819 Mt. Pleasant Rd. Mount Pleasant, PA
111 sites
Oak Estates
600 Laurel View Dr.
Mount Pleasant, PA
4 Properties
386 Sites
PITTSBURGH MHC Portfolio
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The Portfolio
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investment highlights
GREAT CURB APPEAL
GREAT PROXIMITY TO PITTSBURGH
SCALED ENTRY INTO PENNSYLVANIA
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02
01
Market
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The Portfolio
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Terms of Use
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DOCUMENT CENTER
BELOW MARKET RENTS
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OPPORTUNITY TO SHARE STAFFING
MAJORITY PUBLIC UTILITIES
05
Brian Hummell
Director 614.468.5773 brian.hummell@berkadia.com
raplh depasquale
Managing Director
312.845.8572 ralph.depasquale@berkadia.com
71 sites
Hunters Run
665 W Philadelphia St.
Armagh, PA
07
MINIMAL PARK OWNED HOMES
08
88% OCCUPANCY
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