Q2 2012 Pittsburgh, Pennsylvania Apartment Property Sales Analysis

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Q2 2012 Pittsburgh, Pennsylvania Apartment Property Sales Analysis


Single property apartment investments sales remain scarce in Pittsburgh, as none took place in the first two quarters of 2012 and just three changed hands in 2011 for $26.9 million at a mean price of $18,000 per unit and a mean cap rate of 9.4%. Sales had been more active in 2010 and 2009.