As we reflect on 2024, Walnut Capital is proud to celebrate a year of incredible milestones, innovation, and growth. From national awards to transformative projects in Pittsburgh, we are excited to share the highlights that define our commitment to building thriving communities.

Recognized for Excellence: The Kingsley Excellence Awards

Resident satisfaction is at the heart of everything we do, and the Kingsley Excellence Awards are proof of that dedication. Several Walnut Capital properties earned spots in the Top 100 Multifamily Properties nationwide, showcasing our commitment to providing exceptional living experiences. In addition, Walnut Capital was named one of the Elite 5 Multifamily Companies in our tier, securing the #5 spot! This recognition is a testament to the hard work and passion of our incredible teams, and we extend a huge thank-you to every staff member who makes our communities feel like home.

What makes this achievement even more remarkable is that it was earned in comparison to numerous management companies nationwide. Major props to our residential team for not only exceeding the national Kingsley Index but also outperforming our competitors! Your tireless dedication and hard work are truly admirable, and with surveys covering over 90% of our resident portfolio, the consensus is clear: we are the best in city living.

Pearl Street Townhomes: Blooming in Bloomfield

Pittsburgh’s Little Italy just got even more charming. In partnership with Laurel Communities, we introduced the Pearl Street Townhomes, a collection of five modern townhouses at the corner of Pearl Street and Friendship Avenue. These new homes blend sleek design with urban convenience, offering a fresh take on city living in one of Pittsburgh’s most vibrant neighborhoods.

Take a look inside!

Working to Bridge Communities with Transformative Projects

We are committed to creating connections, both figuratively and literally. A $2 million federal grant will help fund a pedestrian bridge connecting the East Liberty Transit Station to Bakery Square. This project aims to enhance accessibility while fostering economic growth in surrounding neighborhoods.

At Bakery Square, the first phase of our $850 million redevelopment plan is underway, thanks to a $5 million state grant. The project includes a 10-story mixed-use building with 400 apartments (15% affordable housing), retail spaces, and an AI workforce hub. We are transforming the area into a vibrant, inclusive destination for living, working, and innovation.

AI Innovation at Bakery Square

Bakery Square is leading the charge in artificial intelligence advancements, recently hosting the AI Horizons Summit in its 20,000 square feet of move-in-ready office space. The event brought together over 400 leaders from business, academia, and government, showcasing Pittsburgh’s growing reputation as a leader in AI innovation. Governor Josh Shapiro highlighted the city’s unique position to thrive in this rapidly evolving field, noting how AI tools like Pennsylvania’s pilot program with OpenAI’s ChatGPT enhance productivity rather than replace jobs.

In addition to hosting events that shape the future of AI, Bakery Square is already home to cutting-edge AI companies, further fueling Pittsburgh’s tech ecosystem. These innovative tenants contribute to the city’s momentum as a hub for groundbreaking advancements in AI technology.

Celebrated Our 2024 PAA Award-Winning Staff

We are proud that two of our outstanding team members were recognized at the 2024 Pennsylvania Apartment Association (PAA) Awards!

Courtney Hedeen, our driven and personable Leasing Consultant, received the 2024 PAA Leasing Professional of the Year Award. Her passion and ability to match prospects with the perfect property ensure they feel supported throughout their search. Watch her video here!

Ryan Lebanik, our dependable Maintenance Supervisor, was honored with the 2024 PAA Maintenance Professional of the Year Award. Ryan’s leadership during move-ins and move-outs is unmatched, overseeing apartment turnovers and work orders with precision and care. Watch his video here!

Courtney and Ryan’s dedication and commitment to excellence make them invaluable to Walnut Capital, and we’re thrilled to celebrate their well-deserved recognition! 

A Top Place to Work: Powered by THE Best

We are beyond honored to be named a Top Place to Work 2024, especially because it is based on feedback from our employees. At Walnut Capital, we believe happy, supported teams create the best experiences for our residents and clients. Thank you to every team member who makes Walnut Capital an incredible place to work and grow.

Wanna join the team? Check out our open positions here!

Added The Commonwealth Building to Our Downtown Portfolio

We are thrilled to add this stunning property to our Downtown portfolio. Our incredible team made this transition seamless! Their hard work, dedication, and teamwork have made this success possible, and we couldn't be more proud.

Originally a historic bank, this iconic skyscraper has served Downtown Pittsburgh for over a century. Now revitalized, it offers modern, light-filled apartments with breathtaking views and top-tier amenities in the heart of the Fourth Avenue Historic District.

The Commonwealth offers a selection of studio, one-, and two-bedroom luxury apartments for rent, providing residents with an upscale living experience in the best community in the area. Inside these thoughtfully designed spaces, you'll find skyline views, 9–12’ ceilings, and oversized windows that fill each apartment with natural light.

Beyond the apartments themselves, residents can enjoy an array of leisure amenities, including a rooftop terrace with panoramic views, a club/game room for relaxing or entertaining, and a state-of-the-art fitness center to support a healthy lifestyle.

We can’t wait to see this historic property thrive under our care—exciting times are ahead!

Golden Gai Joins the Bakery Square Family

Bakery Square's dining scene just got even better. Golden Gai, our Izakaya-inspired gem, was added to our amazing community of restaurants this year. Led by Executive Chef Michael Taylor, the restaurant delivers a unique Japanese pub-style experience that's both delicious and memorable. Stop by for a taste of something extraordinary!

Conservatory Courtyard Wins Design Award

The Conservatory Courtyard at Bakery Square was honored at the Design Pittsburgh Awards for its beautiful integration of public art and wellness. This serene outdoor space combines lush greenery, thoughtful design, and eye-catching art installations, creating the perfect spot to relax, recharge, and connect with the community.

Revitalizing Pittsburgh’s South Side

The South Side is seeing exciting changes thanks to Walnut Capital's redevelopment plans for the former UPMC Mercy South Side campus. This transformative project will bring a mix of residential and retail spaces to the neighborhood, breathing new life into a historic part of Pittsburgh. Stay tuned for updates as we continue to reimagine what this area can offer.

Introducing the Walnut Capital Resident App

Simplifying life just got easier. This year, we launched the Walnut Capital Resident App, a one-stop solution for everything from paying rent to submitting maintenance requests. With a few taps, residents can stay connected, informed, and on top of their to-do lists. It's just one more way we're working to make life at Walnut Capital properties effortless and enjoyable.

Bakery Square Shines with Exciting Events

Bakery Square put on another successful 412 Day event, with a black-and-gold celebration of everything Pittsburgh. From local pop-up vendors to themed activities and giveaways, the day brought the community together to show off their love for the Steel City.

The monthly Vintage Makers Market quickly became a favorite, drawing crowds to The Portal every third Sunday. Featuring unique handcrafted goods and timeless treasures from local artisans and vintage vendors, it’s the perfect place to shop and support the community.

Fall brought the return of our annual Halloween Hooplah, complete with an “Urban Pumpkin Patch,” pumpkin decorating, face painting, and a spooky scavenger hunt. Families enjoyed sweet treats, Halloween movies, and trick-or-treating fun—all while raising money for the Larimer Consensus Group.

And we ended the year on a magical note with the Bubble & Broom pop-up bar, inspired by Wicked. Guests enjoyed whimsical cocktails, immersive decor, and plenty of photo ops, including a dorm room straight out of Glinda and Elphaba’s world. It was a bewitching experience that added a little sparkle to Pittsburgh.

Check out the other events we hosted here!

As we step into the new year, Walnut Capital remains focused on enhancing the places we call home. From innovative developments to unforgettable experiences, we are excited to continue growing alongside our residents, employees, and the Pittsburgh community.

Cheers to an incredible year—and here’s to 2025!