Walnut Capital is proud to be one of Pittsburgh's best known and fastest growing real estate development, residential and commercial property management companies.
We’re leading the way in the development and property management of commercial office, mixed-use, as well as newly-constructed and historic apartment complexes in various prime Pittsburgh area locations.
When I founded Walnut Capital, I wanted to be a part of building a more vibrant Pittsburgh. From humble beginnings in a tiny office, I am proud that my company has positively contributed in many ways throughout the city and am eager to continue to our legacy.
Founding Partner, CEO
Our Day to Day
We’re property management pros and passionate developers with a focus on customer service, innovation and creating communities. We care about our residents, clients, and partners – and it shows.
We are proud to be Pittsburgh's most active developer focusing on the growth engines of the city's economy while still paying homage to its industrial past and rich history. We have been instrumental in Pittsburgh's evolution from post-industrial steel town to a world-class knowledge-based economy.
As Pittsburgh’s leader in Rental Housing, we provide end-to-end property management services to residential apartments, townhouses and furnished corporate housing throughout the city. The combination of our local market knowledge and top-notch team results in vibrant, desirable communities in Pittsburgh’s best neighborhoods.
Throughout his professional career, Gregg Perelman has been a trend-setter. As CEO of Walnut Capital, he has brought his vision of innovation to bear in a city that is becoming synonymous with urban rebirth.
Gregg has been instrumental in creating and implementing Walnut Capital’s aggressive acquisition and development strategy. A hands-on developer, he often supervises construction and renovation projects in the field and takes prospective tenants on tours of apartments and townhouses. He jointly oversees the company’s property management arm, leading a staff of more than 100 people with vision and enthusiasm throughout the day-to-day operations, marketing, and management of all the firm’s residential, office and commercial properties. Gregg has built his career around attention to detail and changing the landscape of the city he calls home.
Todd Reidbord has expertise in real estate and corporate law, specializing in commercial real estate acquisition, financing, leasing, and development.
He jointly oversees the operations and staff at Walnut Capital Management that coordinate all aspects of development, management, and brokerage services. He is the point person for the many investor and lender relationships involved in Walnut Capital’s owned and managed properties.
After co-founding Walnut Capital, Todd sought properties that appeared too difficult to rehabilitate for other developers. Driven by the question, “Would you live there?” he dedicated himself to doing what was needed to answer “yes.” His projects have infused the city with some of its most innovative growth. With collaboration, “You can do special things.”
The first thing Michael Goldstein says about his job is this: “I’m not your typical CFO.” But that’s exactly the way he likes it.
A certified public accountant and licensed Pennsylvania attorney with three decades’ worth of experience, Michael brings a diverse background of expertise in financial management, tax law, and real estate finance to Walnut Capital. Like most of our principals, he wears many hats, and as the company has grown, so has his role. He oversees the accounting department, prepares tax returns, completes reconciliations on property transactions, and analyzes budgets, moving nimbly through these and other tasks and insisting that the staff is as dynamic and capable as he is. His ongoing experience in emerging markets and real estate ensures that our firm benefits from up-to-the-minute expertise.
Andrea is our Director of Accounting & Commercial Operations with an extensive background in accounting and finance with a degree from John Carroll University. She is also a CPA but once she became a Controller she found her true passion. Not surprising considering she was her mother’s accounting assistant for the family business at the young age of 13! She oversees the commercial property managers, accounting team, manages multiple development projects, and prepares financial reporting and analysis……not to mention puts out lots of fires throughout the day! She is thorough, detail-orientated and always ready to take on new challenges.
Walnut Capital History
Commitment to our Community
Walnut Capital continually strives to support our local community and make Pittsburgh a better place. We have made a multi-year commitment of over $100,000 to The Pittsburgh Promise, providing funds for college scholarships for Pittsburgh public school graduates, along with partnering with other local organizations on a regular basis.
Commitment to the Environment
Sustainability is woven into Walnut Capital's core values. We have developed sustainable practices to lessen the environmental impacts at all of our communities. From simple practices like recycling to more complex tactics like incorporating roof-top solar panels, bioswales to capture storm water, and other LEED certifying technologies.
Pittsburgh Planning Commission backs big Oakland development proposal with caveats
"After months of controversy, the city Planning Commission Tuesday gave its support to a revised proposal designed to bring hundreds of new apartments and a grocery to part of Oakland. But it did so with reservations."