NEW YORK CITY-Kushner Cos. has snapped up a portfolio of 4,681 distressed apartment units in Ohio, Indiana and Pennsylvania. Kushner partnered with Apollo Property Management and Square Mile Capital, a private equity firm specializing in distressed assets, on the deal. Savills served as a financial advisor to the exisiting borrowers and to Apollo on the deal.

Many of the properties acquired, principal Jared Kushner says, are underperforming in promising, or well-performing markets. Case in point: Pittsburgh, where Kushner acquired about 1,054 units at Leland Point Apartments.

“The Pittsburgh market is on fire and we’re very excited to have a real presence in the market at this point in time,” Kushner tells GlobeSt.com. “It’s going to undergo a major, major capex program to really upgrade it so that it can be one of the best jobs in the marketplace.”