TribLIVE

| Neighborhoods


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Allegheny Twp. apartment complex gets new owner

Sunday, Dec. 29, 2013, 12:01 a.m.
 

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 jweigand@tribweb.com.

 

 
 


Show commenting policy

Most-Read AlleKiski Valley

  1. Two dead in New Kensington shooting
  2. Leechburg Area postpones decision to lease property for natural gas drilling
  3. ALS ice challenge personal for Harrison patrolman
  4. Burrell School District to screen for sex offenders
  5. South Butler School Board director not afraid to stand alone
  6. Creditors prefer Rock Airport bankruptcy plan
  7. Pittsburgh eagle webcam closes down for year
  8. Springdale’s water treatment plant project could increase water bills
  9. Feds charge former Harmar police chief with voting improprieties
  10. Former Comcast building in New Kensington reopens as Come In Unity Center community incubator
  11. Police: Man died after jump from Route 28 bridge over Buffalo Creek
Subscribe today! Click here for our subscription offers.