TREK Development

What TREK Development does

TREK Development Group is a Pittsburgh-based, privately held real estate development and property management firm founded in 1992 by Bill Gatti. The firm develops, owns, and manages a portfolio of affordable, mixed-income, market-rate, and senior housing properties, plus mixed-use and commercial assets, concentrated in the Pittsburgh metropolitan area with limited geographic reach into Baltimore County. Core products include notable developments such as The Century Building (LEED Gold, open-loop geothermal), Eighth & Penn, Sandstone Quarry, The Brew House, Jeremiah Village, Mellon's Orchard South, Dinwiddie Housing, LIFE Centers Senior Housing, and Washington Trust Building, alongside a property management division operating across 35 communities in six counties.

Revenue is generated through a mix of one-time real estate development fees and equity promotes, recurring property and asset management fees on ~1,000+ units (in addition to owned units), rental income from owned residential and commercial space, and capitalized tax credit equity via LIHTC, historic tax credits, and PennHOMES allocations from the Pennsylvania Housing Finance Agency. Pricing on owned units is bifurcated: market-rate one-bedrooms around $750/month and two-bedrooms near $950/month, while affordable/LIHTC units are priced around $650/month for residents earning at or below $30,000/year. Go-to-market combines community-led engagement with local stakeholders for development origination, sales-led RFP responses to public agencies (URA Pittsburgh, HACP), and direct-to-consumer leasing through property websites and online leasing portals (RealPage).

The firm operates a vertically integrated resident and community engagement program employing on-site Community Builders and Community Managers delivering case management, financial coaching, health services, and social programming. TREK's differentiators include mission-aligned for-profit positioning, 25+ years of regulatory and tax-credit expertise, deep community partnerships (Pittsburgh Cultural Trust, AHN, neighborhood CDCs), and an evidence-based methodology via the Triple Aim Impact Consultation Group partnership. The portfolio is valued in excess of $500 million, with $300M+ in tax credit equity and $200M in debt raised cumulatively since founding, and the firm consistently maintains 98%+ occupancy and rent collection.

Name

TREK Development

Legal name

Trek Development Group, Inc.

Website

https://trekdevelopment.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

TREK Development Group is a Pittsburgh-based, privately held real estate developer and property manager founded in 1992 that builds, owns, and manages affordable, mixed-income, market-rate, and senior housing, plus mixed-use developments, across 35 communities in six Pennsylvania counties.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Real Estate Property Managers (53131), Residential Property Managers (531311), Lessors of Residential Buildings and Dwellings (53111)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

akta.pro secondary industries

Mixed-Use Community Association Management (BPAJAHAF), Senior & Assisted Living Residential Property Management (BPAJAFAE), Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

Keywords

• Real estate development
• Property management services
• Affordable housing development
• Mixed-use development
• Community engagement services

Headquarters

HQ city

Pittsburgh

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Real Estate Development: TREK develops residential and commercial properties, generating revenue through development fees, equity returns, and property appreciation. The portfolio is valued in excess of $500 million. Since 1992, TREK has raised over $300 million of equity in exchange for tax credits.
2. Property Management Services: Property management division operating since 2010, managing assets across six counties with commercial, market rate, mixed-income, affordable housing tax credit and project-based Section 8 properties. Provides asset management to approximately 1,000 additional units.
3. Resident Services: TREK operates resident and community engagement programs including case management, financial advice, health services, and social programs. Services are designed to support quality of life and community building.
4. Tax Credit Programs: TREK leverages Low Income Housing Tax Credits (LIHTC), historic tax credits, and other government incentive programs to finance affordable housing developments.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels8 records

Core offering

TREK Development Group develops, owns, and manages residential, mixed-use, and commercial real estate properties across the Pittsburgh region, with a focus on affordable, mixed-income, and market-rate housing financed through LIHTC and historic tax credits. The firm also provides third-party property management services across 35 communities in six counties and runs resident and community engagement programs including case management, financial advice, and health services.

Product overview

TREK Development Group operates as a mission-minded real estate development and property management firm offering a portfolio of residential and commercial properties across the Pittsburgh region. The company's product portfolio spans multiple property types including market-rate and affordable housing (The Brew House, Dinwiddie Housing, LIFE Centers), mixed-use developments (Eighth & Penn, The Century Building), senior living (Valley View, LIFE Centers), urban lofts (The Reed, Sandstone Quarry), and commercial spaces (Washington Trust Building, 501 Braddock). The core offering includes property development services alongside property management across 35 communities, with resident and community engagement programs designed to foster connected, sustainable communities. The company also manages various individual properties including Jeremiah Village, Mellon's Orchard South, The Ohringer Building, Allegheny Branch House Lofts, and The Broadview Apartments.

Differentiator

Problem solved

Functional benefit

Products and services

• The Brew House A historic South Side property converted into 76 studio, one-, and two-bedroom artist lofts with high ceilings, tall windows, modern finishes, gallery and studio spaces for the artist community. Opened in 2017.
• Eighth & Penn A 135-136 unit apartment building in Pittsburgh's Cultural District integrating two 1890s historic buildings with new construction, featuring 190,000 sq ft of street-level commercial space including The Eagle Food & Beer Hall.
• Sandstone Quarry A mixed-income residential development in Fineview on the North Side, transforming a historic incline and turn-of-the-century rock quarry into housing. Recognized with NAHRO Project Design award in 2020.
• The Century Building A mixed-use development in Pittsburgh's Cultural District combining workforce and luxury loft living with offices and retail space, achieving LEED Gold certification as the first mixed-use residential development in the city to do so, featuring an open-loop geothermal heating and cooling system.
• Dinwiddie Housing A 95-unit affordable housing development in Pittsburgh's Hill District comprising townhouses, walkup apartments, and rehabilitated brownstones, including conversion of the Miller School Gym into loft apartments, with 28 Project Based Section 8 units and 67 affordable LIHTC units.
• LIFE Centers Senior Housing Service-enriched senior housing co-located with LIFE Centers offering seniors the opportunity to age in place, featuring 1-2 bedroom units designed around Health and Wellness centers.
• 501 Braddock and Overlook A commercial development injecting vitality into Braddock, part of a broader community collaboration and revitalization effort in the borough.
• Washington Trust Building A mixed-use facility in Washington, PA, featuring rehabilitation of the historic 1902 building with 44 one- and two-bedroom apartments on upper floors and commercial/retail space below, with total project costs around $19 million.
• Jeremiah Village A residential development in the Hill District, described as a village for everyone, currently in construction and leasing phases.
• Mellon's Orchard South An affordable housing development in East Liberty on a 2.96-acre site at North Euclid and Station Streets, developed in partnership with URA and Penn Plaza residents.
• Valley View Senior living property located at 106 Valley View Drive in Ford City, Armstrong County, Pennsylvania.
• The Ohringer Building Affordable artist residences in Braddock, PA, offering spacious studio and one-bedroom apartments in a historically renovated former furniture store with basement art space, rooftop deck, and community room.
• Allegheny Branch House Lofts Urban loft living property in Allegheny County, managed by TREK Development.
• The Broadview Apartments A property located in Baltimore County, managed by TREK Development.
• The Reed Upscale loft living in central Pittsburgh at 1738 Reed St, offering luxury apartments with high-end amenities and proximity to dining and entertainment options.
• Property Management Services Property management across 35 communities in six counties, managing commercial, market rate, mixed-income, affordable housing tax credit, and project-based Section 8 properties. Maintains occupancy rates at or above 98% and rent collections at 98%.
• Resident & Community Engagement Services Community networking building model incorporating resident services into property management operations, featuring onsite Community Builders and Community Managers, financial management programs, case management, computer classes, health services, and social activities.

Quantifiable outcome

• 98%+ occupancy rates and 98% rent collection maintained consistently
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core, major and minor.

• Urban Redevelopment Authority of PittsburghcoreStrategic or Co-development PartnerURA of Pittsburgh is a key public partner that selects TREK for development projects through exclusive negotiations and RFP processes. TREK was chosen for Garden Theater block, Mellon Orchard South, and other major projects.
• Pittsburgh Cultural TrustcoreStrategic or Co-development PartnerPittsburgh Cultural Trust is a major community partner that authorizes property sales and participates in planning processes for downtown developments like Eighth & Penn.
• Housing Authority City of PittsburghcoreStrategic or Co-development PartnerHACP is a key development partner for public housing redevelopment projects including Bedford Dwellings, Allegheny Dwellings, and other affordable housing initiatives.
• Allegheny Health NetworkmajorStrategic or Co-development PartnerAHN is a healthcare partner that co-locates facilities with TREK developments, such as the AHN Cancer Institute winning design awards alongside Sandstone Quarry.
• Triple Aim Impact Consultation GroupcoreStrategic or Co-development PartnerA joint venture between the National Initiative on Mixed-Income Communities at Case Western Reserve University and Trusted Space Partners. They help TREK focus on community transformation, individual change, and operating efficiency of mixed-income developments.
• Allies and Ross Community Development CorporationmajorStrategic or Co-development PartnerARMDC partnered with TREK as the Development Team for Hill District development, working with the Housing Authority of the City of Pittsburgh as the development instrumentality.
• Q DevelopmentmajorStrategic or Co-development PartnerJoint venture partner with TREK on the Eighth & Penn development in Pittsburgh's Cultural District, a 135-unit apartment building with commercial space.
• Guardian DevelopmentminorStrategic or Co-development PartnerPartnership with Guardian to redevelop the former Holiday Inn on the Parkway East.
• HearthminorStrategic or Co-development PartnerListed as a community partner organization in the Pittsburgh region.
• Mon Valley InitiativeminorStrategic or Co-development PartnerCommunity development organization partner in the Monongahela Valley region.
• Hill HouseminorStrategic or Co-development PartnerHill District community organization partner working with TREK on neighborhood revitalization.
• South Side Local Development CompanyminorStrategic or Co-development PartnerCommunity development organization partner for South Side Pittsburgh projects.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Pennrose: Mission-driven real estate developer and property manager of affordable, mixed-income, and market-rate housing across the Mid-Atlantic and beyond. Highly comparable to TREK in scale, LIHTC-driven model, and integrated development-plus-management structure.
• The Community Builders: National nonprofit developer of mixed-income housing with strong urban revitalization focus. Comparable to TREK in mission-driven, mixed-income, LIHTC-financed approach and on-site resident services programming.
• McCormack Baron Salazar: Urban mixed-income housing developer focused on transforming distressed neighborhoods — directly comparable to TREK's Hill District and North Side redevelopment model using LIHTC, historic credits, and public-private partnerships.
• Beacon Communities: Affordable and mixed-income housing developer with integrated property management. Closely parallels TREK's vertically integrated model and emphasis on sustainable, LEED-certified developments.
• WinnCompanies: Multi-family housing developer and third-party property manager with a substantial affordable housing portfolio. Comparable to TREK for combined development plus fee-based management across LIHTC and Section 8 assets.
• BRIDGE Housing: Nonprofit affordable and mixed-income developer with a long-standing LIHTC and resident-services model. Comparable to TREK for community-first development and integrated resident engagement programs.
• Aeon: Mid-sized nonprofit affordable housing developer and property manager with mixed-income and supportive housing expertise. Comparable to TREK for integrated resident services and geographic concentration in a defined metro market.

Broad incumbents

• Enterprise Community Partners: National leader in affordable housing development and LIHTC syndication. Overlaps with TREK in mission-driven affordable housing but operates at significantly larger scale as both developer and capital provider.

Others

• Urban Redevelopment Authority of Pittsburgh: Municipal redevelopment authority that acts as TREK's primary public partner and counterparty on major projects. Relevant as the principal commissioning party shaping TREK's deal flow in the Pittsburgh region.
• Housing Authority City of Pittsburgh: Public housing authority that partners with TREK on Bedford Dwellings and other HACP redevelopment projects. Comparable as a counterparty shaping TREK's affordable housing deal pipeline rather than as a competitive developer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/pages/Trek-Development/1699931693623179
• LinkedInlinkedin.com/company/trek-development
• Instagraminstagram.com/trekdevelopment

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TREK Development