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MultiVersity Housing Partners Acquires Union on 5th in Pittsburgh

Pittsburgh — MultiVersity Housing Partners has acquired Union on 5th, a student housing community located near Duquesne University and the University of Pittsburgh, for an undisclosed price. The property offers two- and three-bedroom, fully furnished units. Renovations are planned for the property and will include a redesign of the lobby; the relocation of the office and leasing area; the addition of study space; hallway renovations; the construction of additional beds; and the addition of a Luxer One package locker system. MultiVersity Property Management (MVPM) will oversee renovations and has been tapped to manage the community. Ryan Lang, Brandon Buell and Jack Brett of NKF Student Housing brokered the transaction.

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