INVESTMENT APPROACH

Disciplined Investment Built for the Long Term

Elmhurst has spent five decades acquiring, developing, and managing high-quality real estate across Greater Pittsburgh with one clear aim: build assets we would be proud to own forever. Our strategy is rooted in patient capital, careful selection, and deep local relationships that consistently generate durable returns through cycles.  

Our Edge

A Strategy Shaped by Reputation, Relationships, and Readiness

Elmhurst’s advantage is not a single tactic. It is the compound effect of a generational track record, trusted partnerships, and a balance sheet built to act decisively when others cannot. Our relationships across Pittsburgh’s civic, institutional, and business ecosystem create proprietary, off-market opportunities that reward patience and discipline.

Enduring Track Record and Relationships

Since 1881, the Hunt family’s ties to Pittsburgh have given Elmhurst a long view of the market and allowed Elmhurst to create a deep network of trusted partners. That history supports a consistent record of well-underwritten, often off-market investments and enduring relationships with tenants, lenders, and civic institutions.

Long-Term Stewards and Co-Investors

More than five decades of disciplined execution have built Elmhurst's resilience through market cycles. The Hunt family's 135-year legacy in Pittsburgh—rooted in community stewardship, active portfolio and property management, and long-term partnerships—continues alongside investors who share our commitment to durable value.

Disciplined Fiduciaries, Creative Deal-Makers

We act first as fiduciaries, structuring capital, risk, and governance with care for long-term performance across cycles. Within that framework, we look for thoughtful ways to solve problems, align interests, and create sustained value for investors, tenants, and the communities where we invest.

Philosophy

A Long-term Perspective with Quiet Perseverance

Elmhurst is deliberately built for generational value creation. We do not chase headlines, short-term speculation, or trend-driven returns. Instead, we invest with decades in mind, leveraging disciplined underwriting, transparent partnerships, and the steady execution that has defined Elmhurst for over 50 years.

“Our approach is simple: avoid the noise, focus on fundamentals, and deliver—year after year. Consistency and integrity will outperform speculation every time.”

– Bill Hunt, CEO

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Principles

How We Create Durable Value

Our investment process is simple on the surface and rigorous underneath. Each opportunity must earn its place in the portfolio by meeting clear standards across market fit, location durability, partnership strength, and long-term cash flow resilience.

Deep Market Analysis

Every investment begins with local, on-the-ground intelligence paired with institutional-grade research. We look past short-term noise to the demand drivers that will shape Pittsburgh for decades.

Collaborative Approach

Elmhurst originates and executes deals through long-standing relationships with owners, civic groups, and institutional partners. These coalitions expand what is possible and reduce execution risk.

Sustainable Development for Pittsburgh

Our projects are designed to strengthen Pittsburgh’s economic resilience while generating reliable partner returns. We build to last because our city and our capital partners deserve assets that endure.

Rigorous Underwriting

We underwrite conservatively, structure thoughtfully, and remain patient. This discipline protects downside while enabling steady value creation through leasing, stabilization, and long-term appreciation.

Target Investments

Focused Asset Classes in Fortress Locations

Elmhurst actively pursues opportunities across industrial, multifamily, office, and hospitality. We are vertically integrated to operate industrial and office assets directly, while leveraging best-in-class third-party management for multifamily and hotel investments. 

We invest in strategic, high-barrier locations that support long-term ownership. Our pipeline centers on Pittsburgh’s innovation corridors, growing suburbs, and submarkets defined by strong demand and limited new supply.

Industrial

Flex, Manufacturing, and Distribution Centers

Office

Creative and Mission Critical Workspaces

Hotel

Hilton Properties Serving Business and Leisure

Multifamily

Leading Residential Communities
Market Thesis

A High-Barrier Market Built for Patient Capital

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Pittsburgh is a target market for Elmhurst and its long-term investors. Barriers to entry are significant, and 21st-century demand drivers are strengthening year after year.

The region’s natural topography creates irreplaceable sites and longer development timelines, which in turn drive scarcity value for well-positioned assets. Pittsburgh’s diversified economy is anchored by two R1 research universities, nationally ranked integrated health systems, a broad base of corporate headquarters, and a growing cluster of technology firms that continue to attract capital and talent.

Elmhurst's 52-year track record in this market provides a distinct advantage. We understand local regulatory environments, maintain deep relationships with municipal agencies and civic stakeholders, and know which sites deliver long-term performance through cycles. Our family legacy spans more than 135 years in Pittsburgh—this isn't opportunistic capital chasing trends. We've built, acquired, leased, and managed assets in Pittsburgh through expansions and contractions, earning trust with institutional partners who value our disciplined underwriting and operational consistency.

In a market where barriers favor incumbents with local credibility and patient timelines, Elmhurst's positioning reflects decades of execution, not just market entry strategy.

STEWARDS OF TODAY

Meet the Leaders

Disciplined investment through experienced vision

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President & CEO

Bill Hunt
Leading Elmhurst’s Generational Strategy

Bill guides Elmhurst’s long-term vision, pairing disciplined investment strategy with a deep commitment to Pittsburgh’s future. Under his leadership, the firm has grown thoughtfully, balancing performance, stewardship, and community impact.

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Director of Leasing

Eric Schindler
Connecting Tenants With the Right Spaces

Eric leads leasing across Elmhurst’s portfolio, matching tenants with spaces that support their growth and operations. His relationship-driven approach helps create stable, long-term occupancies that strengthen every asset.

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Director of Investor Relations

Justin Hunt
Guiding Investors With Clarity and Purpose

Justin approaches investor relations with precision, empathy, and an unwavering commitment to clarity. At Elmhurst, he builds trusted relationships that extend beyond capital—shaping partnerships that endure through shared purpose and disciplined growth.

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Chief Financial Officer

Maria Sinclair
Stewarding Capital With Quiet Discipline

Maria oversees Elmhurst’s financial strategy and risk management, ensuring every decision is grounded in rigor, transparency, and long-term value creation. She brings clarity to complex capital structures so partners can invest with confidence.

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Director of Development

Brian Miller
Turning Vision Into Built Environments

Brian oversees Elmhurst’s ground-up and redevelopment projects, from early feasibility through delivery. With a background in complex institutional construction, he ensures each project is executed with precision, efficiency, and respect for place.

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Director of Property Management

Marc Battistone
Keeping Buildings Running, People Thriving

As Director of Property Management, Marc oversees the full operational lifecycle of Elmhurst’s portfolio—from the parking lot to the rooftop and every system in between. He works closely with internal site teams and trusted vendor partners to maintain HVAC, electrical, plumbing, life safety, landscaping, cleaning, and security operations.

Proud to Partner in Pittsburgh's Progress

OUR PARTNERS

Trusted Organizations Building Pittsburgh’s Future

We collaborate with civic, cultural, and economic partners whose missions align with strengthening the region. Together, we help activate community assets, spark innovation, and support the long-term resilience of Pittsburgh’s neighborhoods.

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Explore a Partnership with Elmhurst

If you share our long-term perspective and want access to disciplined real estate opportunities in a high-barrier market, we would welcome the conversation.