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. New Kensington police search for gunman in GetGo robbery
  2. Student arrested at Shaler High School in roundup of Allegheny County drug dealers
  3. Springdale Council opts for pellet filtration system
  4. Ligonier insurance agent challenges Washington Township incumbent for state House seat
  5. 3 Cheswick firefighters honored with lifetime achievement awards
  6. Tom Wolf, Democrat for governor, to visit Leechburg on Saturday
  7. New Kensington-Arnold schools to implement visitor-screening system
  8. Apollo-Ridge school bus safety program aims to drive message home
  9. Buffalo Township grandma pleads guilty to selling hundreds of pounds of weed
  10. Most wanted fugitive caught in New Kensington
  11. Harrison woman dead in 3-car crash in Natrona Heights
Subscribe today! Click here for our subscription offers.