Allegheny Twp. apartment complex gets new owner
A New Jersey firm has purchased the Sandalwood Apartments in Allegheny Township.
Tryko Partners is a private equity real estate group that specializes in purchasing multi-family units and Section 8 housing complexes such as Sandalwood.
The 10-acre property off Route 66 consists of 16 buildings with 86 units, mainly two- and three-bedroom apartments.
It was formerly owned by American Housing Partners.
Allegheny Township Manager Gregory Primm said the township hasn't had problems at the complex.
“It's always operated normally,” he said. “It's dated, but the old owners kept up on it pretty good. We never had any complaints or code violations.”
Primm said Tryko hasn't contacted the township regarding its plans for Sandalwood.
“They really haven't talked to us yet about it,” Primm said. “We knew it was happening from the deed transfer.”
In a news release announcing the acquisition, Tryko said the Sandalwood purchase is part of an effort to expand the company's presence in the Pittsburgh region.
“It also fits well in terms of product type as we continue to strategically expand our affordable housing portfolio,” said Uri Kahanow, Tryko director of acquisitions, in a news release.
Tryko says it owns and manages about 1,500 apartments in the Pittsburgh market.
Jodi Weigand is a staff writer for Trib Total Media. She can be reached at 724-226-4702 or firstname.lastname@example.org.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- West Deer burglary suspect arrested
- Arnold family back home after gas leak
- Kiski Area students reach out to community for Global Youth Service Day
- Retired New Kensington attorney Robert McVey spent life helping people
- SUVs collide near Laneville bridge; truck flips in Washington Township crash
- New Ken-Arnold School Board appears to have violated Sunshine Law
- Police chase ends in Allegheny Twp. when car hits house
- Alle-Kiski Valley answers the call of ‘Banshee’
- 6th pair of bald eagles confirmed
- Mia Z voices no regrets after failing to advance on NBC show
- Fawn man accused in assault sentenced to probation