An Incredible Historic Renovation
To an Iconic Building in East Liberty.
Walnut on Highland and The Penn were two separate development projects that make up a single apartment community with multiple buildings. In 2012, Walnut Capital bought the neglected 13-story historic Highland building in East Liberty and rehabilitated the treasure into 116 apartment units with historic preservation measures in place. In 2016, phase two was complete when The Penn, a new six-story building wrapping the corner of Penn and S Highland Avenue, welcomed residents to 78 apartment units on upper floors and restaurant and retail tenants in the ground-level spaces.
Media Mentions
Walnut Capital Joins 933 Penn Avenue Residential Conversion Project in Downtown Pittsburgh
Walnut Capital is partnering with Rugby Realty on the transformation of 933 Penn Avenue in Downtown Pittsburgh, converting the former office building into 70 new apartments with ground-floor retail in the heart of the Cultural District.
Apartment Living
Walnut Capital Celebrates Its 2026 PAA Keystone Award Winners in Pittsburgh
Walnut Capital is celebrating its award-winning Pittsburgh apartment communities and team members following the 2026 Pennsylvania Apartment Association (PAA) Keystone Awards.
Apartment Living
What's Next at Walnut Capital: Projects in Development
Consider this your sneak peek at what's next for Walnut Capital.