Birgo Capital

Birgo Capital Birgo Capital is a private equity real estate investment firm based in Pittsburgh, Pennsylvania.

We're pleased to introduce Johanna Knapic as Birgo Capital's Investor Relations Associate and your primary point of cont...
10/01/2026

We're pleased to introduce Johanna Knapic as Birgo Capital's Investor Relations Associate and your primary point of contact going forward.

Johanna isn't new to Birgo. She's been part of our team since 2019, spending years working directly at our properties and building the recruiting process that has shaped who sits on our team today. That same people-first instinct is exactly what our investors can expect from her now!

Pittsburgh is home for Johanna, where she and her husband live a life rooted in community and faith. 🦏

Have a question or want to connect? Reach Johanna directly: https://hubs.la/Q04yTryz0

In this episode of Real Returns, host Andrew Reichert sits down with Vicki Schiff, CEO and founder of Avrio CleanFund an...
10/01/2026

In this episode of Real Returns, host Andrew Reichert sits down with Vicki Schiff, CEO and founder of Avrio CleanFund and a co-founder of six firms over a three-decade career in real estate. Vicki spent years building a private credit platform that originated billions in construction and bridge loans before selling it, and now runs a new lending business built around protecting a defensible basis for every loan.

This episode is a clinic on how private lenders actually think. Vicki unpacks loan to cost versus loan to value, why a debt yield is really the lender's cap rate, and why the recent headlines about a "private credit exodus" mostly describe corporate lending, not real estate.

🎙️ In this episode, we cover:
• What separates a bank's lending box from a private credit lender's, and why borrowers pay more for it
• How debt yield works as the lender's version of a cap rate
• Why construction costs and rate hikes have turned some multifamily loans underwater

🎬 Watch on YouTube: https://hubs.la/Q04yTtyl0
🎧 Listen on Spotify: https://hubs.la/Q04yTtBZ0
🎧 Listen on Apple Podcasts: https://hubs.la/Q04yTsBd0

In this episode of Real Returns, host Andrew Reichert sits down with Joe Cardosi, Founder & CEO of Free Market Health, a...
09/24/2026

In this episode of Real Returns, host Andrew Reichert sits down with Joe Cardosi, Founder & CEO of Free Market Health, a healthcare technology company simplifying one of healthcare's most complex processes: getting specialty medications to the patients who need them.

Joe pulls back the curtain on why 1-2% of a health plan's patients drive 55-60% of its entire drug spend, and why it can take up to six weeks to get a newly diagnosed patient onto treatment.

🎙️ In this episode, we cover:
• The "four Ps" (payers, providers, pharma, pharmacies) and why the fifth, the patient, is the one who gets lost
• What it actually looks like to build a fast-growing company and a family in the same stretch of life
• Scaling Free Market Health from a two-laptop startup to a national specialty pharmacy platform

🎬 Watch on YouTube: youtube.com/watch?v=g6Y9dNAc-lQ&feature=youtu.be
🎧 Listen on Spotify: https://open.spotify.com/episode/0tcv3M19JzAWAQpxP1YdCd?si=uJj-dgVrT52fMyzrzgJBbQ&nd=1&dlsi=6d4bbfb96cce4183
🎧 Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/s9e3-joe-cardosi-the-four-ps-of-specialty-pharmacy/id1642761377?i=1000791348758

In this episode of Real Returns, Andrew sits down with Kevin Morris, founder of Atlas Rd, who has helped raise over $350...
09/17/2026

In this episode of Real Returns, Andrew sits down with Kevin Morris, founder of Atlas Rd, who has helped raise over $350 million in capital across his own companies and the businesses he now advises. Kevin traces the evolution of equity crowdfunding from a fallback for companies that could not raise anywhere else to a tool blue chip brands are choosing on purpose, and makes the case for why a cap table of 10,000 small investors can be a bigger asset than a single VC check.

Andrew and Kevin also chat a bit about the work they're doing together on Reiturn, Birgo's platform built to bring real estate investing to everyday investors.

🎙️ In this episode, we cover:
• Why equity crowdfunding went from a last resort to a strategy blue chip companies choose on purpose
• How a cap table of 10,000 small investors can be a bigger asset than one VC
• What a tougher fundraising climate is doing to the crowdfunding space

🎬 Watch on YouTube: https://hubs.la/Q04xHmBX0
🎧 Listen on Spotify: https://hubs.la/Q04xHmws0
🎧 Listen on Apple Podcasts: https://hubs.la/Q04xHmvR0

09/11/2026

I've Heard of the Midwest...! 🤔

From S9E1 - Jay Parsons | What the Data Actually Says about Rental Housing

Watch the full episode on YouTube 👉 :https://hubs.la/Q04xgv1z0

Hello there, Season 9 of Real Returns!!!!!!!!! 😱 📈In the Season 9 premiere of Real Returns, host Andrew Reichert sits do...
09/10/2026

Hello there, Season 9 of Real Returns!!!!!!!!! 😱 📈

In the Season 9 premiere of Real Returns, host Andrew Reichert sits down with Jay Parsons, a rental housing economist, advisor, and host of The Rent Roll with Jay Parsons podcast. Jay advises institutional investors, REITs, and regional operators on what the data actually says about apartments and single-family rentals.

This episode especially hits home for us, as Jay breaks down why markets like Pittsburgh, Cincinnati, and Cleveland are still flying under institutional radar, and why the national conversation around renter affordability gets the real story wrong.

🎙️ In this episode, we cover:
• Why ex*****on matters more than market timing in this part of the cycle
• The data behind the national affordability debate, and who it's actually concentrated among
• Why the next decade of returns will come from operating buildings well, not riding appreciation

🎬 Watch on YouTube: https://hubs.la/Q04x5kVk0
🎧 Listen on Spotify: https://hubs.la/Q04x5kTt0
🎧 Listen on Apple Podcasts: https://hubs.la/Q04x5kYF0

We invest in what we like to call the Forgotten Middle™🌎 GeographicallyWe target resilient cities less impacted by coast...
07/21/2026

We invest in what we like to call the Forgotten Middle™

🌎 Geographically
We target resilient cities less impacted by coastal cycles.

👩🏽‍⚕️ Demographically
Class B apartments serving nurses, teachers, and municipal employees.

💵 Financially
We buy assets too large for mom & pop, but too small for large PE institutions.

By sitting in our sweet spot...we're able to provide outstanding service for our residents, while generating superior returns for our investors!

Why invest with us, instead of someone else? 🤔Birgo Capital offers a focused way to own real estate without building an ...
07/16/2026

Why invest with us, instead of someone else? 🤔

Birgo Capital offers a focused way to own real estate without building an operating team or sorting through noise. We’re built for allocators who value clarity, disciplined ex*****on, and reporting that stands up in a committee room.

People first invested because they knew us and trusted how we showed up. We listen to objectives, open our underwriting and sensitivities, and speak plainly about risk and fit.

We co-invest, report on a reliable cadence, and keep drifting to a minimum. Over the years, that consistency has produced a record of mid-teens net outcomes across cycles, and many satisfied investors!

Birgo is a partner for those protecting and compounding capital with purpose.

Want to see if we're a fit for your portfolio?
Schedule a call with our team 👉 Why invest with us, instead of someone else? 🤔

Birgo Capital offers a focused way to own real estate without building an operating team or sorting through noise. We’re built for allocators who value clarity, disciplined ex*****on, and reporting that stands up in a committee room.

People first invested because they knew us and trusted how we showed up. We listen to objectives, open our underwriting and sensitivities, and speak plainly about risk and fit.

We co-invest, report on a reliable cadence, and keep drifting to a minimum. Over the years, that consistency has produced a record of mid-teens net outcomes across cycles, and many satisfied investors!

Birgo is a partner for those protecting and compounding capital with purpose.

Want to see if we're a fit for your portfolio?
Schedule a call with our team 👉 https://meetings.hubspot.com/gina-bacola

Season 8 of Real Returns is a wrap! 🎬Andrew and Dan sat down with a remarkable group of leaders this season, and the com...
06/24/2026

Season 8 of Real Returns is a wrap! 🎬

Andrew and Dan sat down with a remarkable group of leaders this season, and the common thread wasn't just business success, it was the honesty about what it really took to get there!

Thank you to our amazing Season 8 guests:
Greg Furer
Adam Taki
Patrick Colletti
Dr. Dinakar Golla
Mary Fearon
Hisham Albahar
Afif Ghannoum

🎥 YouTube: https://hubs.la/Q04mw2DH0
🎧 Spotify: https://hubs.la/Q04mtL5w0
🎧 Apple Podcasts: https://hubs.la/Q04mvGVz0

At Birgo, the people who underwrite deals and the people who fix the property up aren't as far apart as you might think!...
06/17/2026

At Birgo, the people who underwrite deals and the people who fix the property up aren't as far apart as you might think!

This month, teams across our Pittsburgh and Buffalo portfolios participated in 'Birgo Gives Back' Service Days where we took on painting, brickwork, installations, cleanup, and more at the properties in our portfolio.

Every job connects back to the same thing: well-maintained assets, and residents who feel the difference!

Invest in our team's work 👉 https://hubs.la/Q04lKPZr0

Address

848 W North Avenue
Pittsburgh, PA
15233

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+14125671324

Website

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