PITTSBURGH, September 7, 2022 /PRNewswire/ — The property management arm of Multiversity Housing Partners (“MVHP”), MultiVersity Property Management (“MVPM”), will oversee the rebranding, management and planned enhancements to Square on Butlerformerly Doughboy Square and Square View in Lawrenceville, PA. A subsidiary of MVHP acquired the property in August 2022.

Centrally located LawrencevilleThe Square on Butler is the fifth property that MVPM has added to its portfolio in the Pittsburgh Region. This property is made up of three buildings built between 2014 and 2017 with 59 conventional units. Floor plans consist of one- and two-bedroom apartments with nine affordable two-bedroom units located on the first level. The Square on Butler is also home to seven commercial retailers.

Community amenities include: 24-hour fitness center, covered parking, indoor bike storage and dog wash area. Coinciding with MVPM’s dedication to customer service and security, controlled access to buildings and on-site management must remain in place. Located in the “heart” of Lawrencevillethis assembly of apartments is close to dining and entertainment options with a walkability rating of 85.

MVPM also plans to make further improvements to the lobby and amenities by making major upgrades to the fitness center and its equipment, carrying out renovations to the lobby and adding a Luxor package system as well as comprehensive exterior upgrades.

MVPM will bring its boutique-style approach to property management to operate this property more efficiently. MVPM will add the following upgrades: updates to hallways to match the luxury apartment theme of the rest of the buildings, upgrades to steel balconies, exterior lighting, and paint unit exteriors with neutral tones to improve curb appeal.

Christophe FeeleyCEO and Managing Member of MVHP and MVPM, said “These assets add to our portfolio of value-added multi-family properties, these properties being market-priced apartments located in one of the best submarkets (Strip District -Lawrenceville) in the city of Pittsburgh Frankly, the Lawrenceville-Strip district is one of the best sub-markets of any major city along the East Coast.

About Multiversity Housing Partners
Multiversity Housing Partners acquires multi-family properties, with a focus on market-priced apartments, affordable labor and housing, purpose-built student housing, and townhouse and single-family home development Build-to-Rent (“BTR”). MVHP is further focused on acquiring Core Plus, Value-Add and Opportunistic multifamily properties, as well as land for development. MVHP has longstanding relationships with many institutional investors, investment funds, family offices and high net worth investors. MVHP also has deep relationships with several multi-family lenders.

SOURCE MultiVersity Housing Partners