Kelly-Hamilton HUD Portfolio 8 biens | Immeuble residentiel | Pittsburgh, PA

Hilco Real Estate Sales is pleased to present the opportunity to acquire this 115-unit affordable housing portfolio located in the Homewood South neighborhood of Pittsburgh, Pennsylvania. The property is being sold subject to the approval of the United States Bankruptcy Court. The 110-units are spread across 21 buildings and have an in place HAP contract covering the entire portfolio.
This sizable offering presents investors the ability to acquire large number of units in a central location that is experiencing steady growth and could represent significant upside through, stabilization, renovation, more efficient management and that steady population increase. The buildings currently operate at 80% occupancy in a market with a 96% occupancy rate. This offering allows existing owner/operators the ability to grow their existing portfolio and optimize their in-place management team. Alternatively this investment could bring someone's portfolio to the next level. Both scenarios offer investors a tremendous value add opportunity.
Pittsburgh, Pennsylvania offers a strategic market for multifamily and HUD housing investors, with neighborhood-level opportunities across a range of asset types. Once an industrial city, Pittsburgh has shifted toward a knowledge-based economy driven by healthcare, education, and tech—sectors that support a stable renter base of students, professionals and medical workers.

With these properties located throughout the Homewood neighborhood, this area contains older multifamily stock well-suited for project-based Section 8, RAD or LIHTC redevelopment. City-led initiatives such as the Homewood Comprehensive Community Plan and Choice Neighborhoods reflect long-term investment in affordable housing, infrastructure and workforce support—helping to reduce investor risk while supporting community revitalization.
The bid deadline is August 14. On-site inspections will be held July 23 and August 9, by appointment only.
This sale is subject to the approval of the U.S. Bankruptcy Court, District of New Jersey (Trenton), Petition #: 25-15343-MBK | In re: CBRM Realty Inc.