Cornerstone Village Apartments

What Cornerstone Village Apartments does

Cornerstone Village Apartments is a single residential apartment community located in the East Liberty neighborhood of Pittsburgh, Pennsylvania. The community offers 1-, 2-, 3-, and 4-bedroom garden apartments and townhouses, with a portion of units designated as Tax Credit (income-restricted) apartments under the federal Low-Income Housing Tax Credit program and the remainder leased at market rates. Reported rents range from $856 per month for a 1-bedroom Tax Credit unit up to $2,099 per month for a 3-bedroom townhouse. The property holds multiple sustainability certifications, including LEED Silver Stage 1 ND (Neighborhood Development), Enterprise Green Community, and LEED for Homes Platinum, and operates as a smoke-free, pet-friendly community.

The business model is a direct-to-consumer multifamily rental operation: prospective tenants lease units through the property's own leasing office and website, generating recurring rental income on 12-month or longer lease terms. The property is operated under a management agreement with McCormack Baron Management, Inc., a St. Louis-based national property manager focused on affordable and mixed-income housing. The community is staffed by approximately 15 employees covering leasing, maintenance, and on-site operations. Revenue is generated almost entirely from monthly rental payments, with secondary income streams typical of the segment (parking, pet fees, ancillary charges) not separately disclosed. The entity is privately held, with no disclosed ownership structure, capital raises, or development pipeline beyond the single stabilized asset described above.

Name

Cornerstone Village Apartments

Legal name

Cornerstone Village

Website

https://cornerstonevillageaptliving.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Cornerstone Village Apartments is a LEED Platinum-certified multifamily community in Pittsburgh's East Liberty neighborhood, offering 1-4 bedroom market-rate and Tax Credit apartments and townhouses managed by McCormack Baron Management.

Ownership category

akta.pro rank

Product category

Residential Multifamily Housing

SIC

Operators Of Apartment Buildings (6513)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• Residential apartment leasing
• Multifamily housing
• Affordable housing rentals
• Townhouse apartments
• LEED certified housing

Headquarters

HQ city

Pittsburgh

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Residential Rent: Monthly rental payments from tenants occupying one, two, three, and four-bedroom apartments. Units offered as garden-style apartments or townhouses. Income-restricted (Tax Credit) units available for qualifying residents.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Cornerstone Village Apartments operates a residential apartment community in Pittsburgh's East Liberty neighborhood, leasing one to four-bedroom garden-style and townhouse units on monthly subscription terms. Select units are designated as Tax Credit (income-restricted) apartments for qualifying residents, and the property holds LEED Silver Stage 1 ND, Enterprise Green Community, and LEED for Homes Platinum certifications for sustainable building practices.

Product overview

Cornerstone Village is a residential apartment community offering diverse housing options through multiple floor plan types. The portfolio includes garden-style and townhouse-style units ranging from 1 to 4 bedrooms, with some units designated as tax credit apartments. Each unit features central HVAC, faux-hardwood flooring, energy-efficient appliances, and kitchen islands. Community amenities include a fitness center, playground, computer center, community room, and bike racks. The property is LEED certified for sustainable building practices.

Differentiator

Problem solved

Functional benefit

Products and services

• 1 Bedroom Garden Apartment One-bedroom garden-style apartment with 1 bathroom, 568-910 sq ft, starting at $1,343/month, for individuals or small households in Pittsburgh's East Liberty neighborhood.
• 2 Bedroom Garden Apartment Two-bedroom garden-style apartment with 1 bathroom, 870-982 sq ft, starting at $1,724/month, for small households seeking apartment living in East Liberty, Pittsburgh.
• 3 Bedroom Tax Credit Apartment Three-bedroom income-restricted Tax Credit apartment with 2 bathrooms, 1,249-1,254 sq ft, starting at $1,183/month, for income-qualified households in East Liberty, Pittsburgh.
• 1 Bedroom Tax Credit Apartment One-bedroom income-restricted Tax Credit apartment with 1 bathroom, 599-693 sq ft, starting at $856/month, for income-qualified individuals in East Liberty, Pittsburgh.
• 2 Bedroom Tax Credit Apartment Two-bedroom income-restricted Tax Credit apartment with 1 bathroom, 851-878 sq ft, starting at $1,264/month, for income-qualified households in East Liberty, Pittsburgh.
• 2 Bedroom Townhouse Two-bedroom townhouse-style apartment with 2 bathrooms, approximately 982 sq ft, starting at $1,834/month, for households seeking townhouse living in East Liberty, Pittsburgh.
• 3 Bedroom Townhouse Three-bedroom townhouse-style apartment with 2 bathrooms, approximately 1,327 sq ft, starting at $2,099/month, for families seeking townhouse living in East Liberty, Pittsburgh.
• 4 Bedroom Garden Apartment Four-bedroom garden-style apartment with 2 bathrooms, pricing available upon contact, income-restricted (Tax Credit) designation, for larger households in East Liberty, Pittsburgh.
• 4 Bedroom Townhouse Four-bedroom townhouse-style apartment with 2 bathrooms, pricing available upon contact, income-restricted (Tax Credit) designation, for larger households in East Liberty, Pittsburgh.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• McCormack Baron ManagementcoreImplementation/ SI/ Consulting PartnerProperty management company responsible for day-to-day operations, leasing, maintenance, and management of Cornerstone Village Apartments. Manages Title VI compliance, resident relations, and overall property administration. Corporate office located at 100 N. Broadway, Suite 100, St. Louis, MO 63102.
• U.S. Green Building Council (USGBC)minorOthersNon-profit 501(c)(3) organization that administers LEED certification programs. Provides third-party verification that Cornerstone Village was designed and built using sustainable building strategies. LEED stands for Leadership in Energy and Environmental Design.

Scale indicators1 record

Recent moves4 records

Expansion highlights1 record

Broad incumbents

• Avenue5 Residential: Third-party multifamily property management company serving owners of class A and B communities nationwide. Comparable in operating model as a fee-based manager rather than owner.
• WinnCompanies: National multifamily operator with a substantial affordable housing portfolio managed under similar LIHTC and HUD frameworks. Comparable in operating model, regulatory compliance burden, and mixed-income resident base, though at far larger scale.
• Bozzuto Group: Large multifamily operator with extensive urban portfolio including amenity-rich Class A communities. Comparable in leasing operations, amenity package, and pet-friendly positioning, though skewed more toward market-rate than affordable.
• Greystar Real Estate Partners: Largest U.S. multifamily operator managing ~900k+ units. Comparable in property management model and resident-amenity positioning, but operates at vastly greater scale and predominantly in market-rate product.

Direct peers

• The Community Builders: Nonprofit developer and operator of mixed-income, affordable, and mixed-use communities in multiple U.S. cities. Comparable in operating model (mixed-income rental) and reliance on green building certifications and LIHTC financing.
• NHP Foundation: National nonprofit owner/operator of affordable and mixed-income multifamily housing. Directly comparable in LIHTC-restricted rental product, mission alignment, and reliance on sustainability certifications.
• Beacon Communities: Boston-based affordable and mixed-income housing operator with a portfolio including LEED-certified communities. Directly comparable in mission, tenant mix, sustainability credentials, and reliance on third-party property management.
• McCormack Baron Management: Parent operator and direct peer — McCormack Baron manages affordable and mixed-income housing communities nationally, including Cornerstone Village. It operates comparable mixed-income properties with LIHTC and sustainable-building credentials, making it the closest functional peer.

Regional players

• Pittsburgh Urban Initiatives (East Liberty neighborhood community): Regional nonprofit developers operating within East Liberty's broader redevelopment ecosystem. Comparable in geographic submarket exposure and mixed-income mission within the same neighborhood context.
• Dominion Realty Partners: Regional multifamily developer/operator active in Mid-Atlantic markets including Pittsburgh. Comparable in geography and mid-rise urban infill product type.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cornerstone-village-apartments

Revenue estimate

Valuation estimate

Number of profiles

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 Cornerstone Village Apartments