The Pennsylvanian

Property Overview: The Pennsylvanian is a mixed-use property located in downtown Pittsburgh consisting of 242 residential units, 50,000 sf of office space, a 270 space garage and 10,000 SF of event space. The 12-story beaux-arts style Property, one of downtown Pittsburgh's most architecturally significant and iconic buildings, was built in 1900 as the headquarters for The Pennsylvania Railroad. The Property's unique physical attributes, such as on-site parking, high ceilings and excellent light & air, position the property to benefit from downtown Pittsburgh's ongoing renaissance.

Investment Overview: Acram Group re-branded the building through an extensive $15MM capital improvement plan, which included full unit upgrades, a new fitness center, lobby and resident lounge. The property is fully repositioned and stabilized.