TSB Realty

The Bridge on Forbes

The Bridge on Forbes

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0 Units
0 Beds
Year Built: 0

University of Pittsburgh

Pittsburgh, Pennsylvania

The Bridge on Forbes

TSB Realty was engaged by ownership (Pinecrest) to sell the Bridge on Forbes in Pittsburgh, Pennsylvania, via a select marketing process. Bridge on Forbes was one of four properties marketed as a portfolio. TSB Realty secured multiple offers for the property from national student housing buyers. The property was successfully sold in 2022 to a joint venture between University Partners & KKR.

Property Summary

Property Summary

• Luxury student housing community
• 197 Units | 473 Beds
• Year Built: 2019
• Deal Closed: 2022

Property Description

Property Description

The Bridge on Forbes, a 197-unit, 473-bed mid-rise purpose-built student housing community servicing the University of Pittsburgh, is conveniently located 0.05 miles from the campus boundary in Pittsburgh. The property delivered for AY19-20 and offers a mix of studio through three-bedroom units, all of which feature bed-bath parity. The property has an in-place master lease with the University of Pittsburgh for 230 beds and 60 parking spaces, which runs through July 2023 with an additional extension option.

The Bridge on Forbes is located on Forbes Avenue in the heart of the Oakland neighborhood. Known to be one of Pittsburgh’s liveliest neighborhoods, it is the educational and medical heart of the city since it’s home to Pitt, as well as Carnegie Mellon, UPMC, and nearby Carlow University. The property is pedestrian to the southwesterly quadrant of campus, which houses the University of Pittsburgh School of Medicine. Carlow University is also located approximately a block west of the Property. Residents of the Property also enjoy direct access to numerous restaurants, bars, and shopping centers all within walking distance.

Property Amenities

Property Amenities

• Outdoor Courtyard
• Game Lounges
• 24-Hour Fitness Center
• Coffee Bar

Let's Talk

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