Asset Maximization Plan for Closed Schools
In 2012, Pittsburgh Public Schools selected Fourth River Development to initiate an Asset Plan to maximize the value of a portfolio of twenty-one closed school properties within the city. The plan consists of (1) a thorough investigation and evaluation of each school, (2) recommendations to reduce holding costs and increase value, and (3) creative marketing/sales techniques for these very unique and in many cases historical properties.
To date, fourteen properties have been sold. Five former school properties and one large vacant site are currently available, in addition to eight small vacant parcels spread throughout the city.