Arsenal 201

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present Arsenal 201 Phase 1 (the “Property”), a 243-unit luxury apartment community in Pittsburgh’s Lawrenceville neighborhood, nationally recognized as one of America’s “coolest neighborhoods.”

Arsenal 201 Phase 1 offers a compelling core-plus opportunity for investors to capitalize on Lawrenceville’s extreme housing demand through rent growth and mark-to-market potential. The Property includes over 18,000 square feet of Class A retail space along iconic Butler Street, currently 53% leased, presenting additional revenue growth potential upon full stabilization of this commercial space in a high-demand historic shopping district.

Strategically positioned in the heart of the Butler Street and Penn Avenue business district, the Property is surrounded by over 350 businesses including high-end restaurants, local boutiques, breweries, cafes, and diverse entertainment options. Lawrenceville has emerged as an iconic destination over the past decade, experiencing some of the highest millennial population growth nationwide.

The Property maintains 96% occupancy despite Lawrenceville’s housing shortage, with recent leasing activity demonstrating robust performance. Net effective rents have increased by 5.86% between new leases and renewals, while renewals alone achieved an impressive 8.75% average increase. These metrics confirm strong demand in one of Pittsburgh’s most desirable urban nodes.

Arsenal 201 Phase 1 features luxury units, exceptional amenities including a resort-style pool, outdoor spaces, fitness center, resident lounge, and secure parking for bikes and vehicles. This offering is available free and clear of debt at an attractive basis below replacement cost with a clear path to maximizing rental revenue.