New Western enters Pittsburgh residential real estate market to revitalize $385 million affordable homes
Company expands its footprint with its second office location at Pennsylvania
PITTSBURGH, July 11, 2022 /PRNewswire/ — new westernthe nation’s largest private source of distressed residential investment properties, today announced the opening of its second Pennsylvania office, located in Pittsburgh. This is the 47th office opening for the real estate market connecting local investors looking to rehabilitate homes with sellers.
“Pittsburgh is a rapidly growing market with more affordable housing compared to other cities in the United States, which is attracting many young adults and investors to be part of this booming city,” said kurt carlton, co-founder and president of New Western. “We are delighted to be present in Pittsburghand have the ability to provide potential opportunities for investors, sellers and home buyers.”
New Western brings market insight and its exclusive distressed investment property inventory marketplace to help real estate investors acquire properties in need of repair. The company’s agents are helping address the affordable housing shortage by revitalizing struggling homes across the United States, with more than 991,000 older properties in the Pittsburgh region alone and just over 91% built before 2002. A recent report analyzing US Census data shows that there are 16 million vacant homes in the United States
Nasar Bhegani is the managing director (CEO) and broker who runs the business Pittsburgh Desk. As Managing Director, Bhegani is responsible for recruiting, hiring, training and leading his team to revitalize $385 million in residential properties Pittsburgh region over the next five years.
“After a successful track record in AustinI can’t wait to join the Pittsburgh community and help provide much-needed housing inventory for local investors,” Bhegani said. “With median home prices in the metro area of Pittsburgh growing year over year, my team will have the unique opportunity to help revitalize the city’s distressed housing inventory and bring affordable housing options back to market. »
Bhegani began his career with New Western in 2015 in his Austin office and served as Deputy General Manager, where he successfully led market sales totaling more than $788 million since five years. In 2022, New Western asked Bhegani to open its Pittsburgh Desk. The new office is located at 322 North Shore Drive, Building 1Boffice 200, Pittsburgh, Pennsylvania.
New Western is the nation’s largest private source of investment property. Since 2008, New Western has bought and sold nearly $12 billion in residential real estate.
About the new western
New Western is making real estate investing more accessible to more people. Operating in most major cities, our marketplace connects over 100,000 local investors looking to rehab homes with sellers. As the nation’s largest private source of investment properties, we buy a home every 13 minutes. New Western offers new opportunities for everyone: a fresh start for sellers, exclusive inventory for investors, and affordable homes for buyers. For more information, visit www.newwestern.com.
SOURCE New Western