Multifamily news in Baltimore

MD Multifamily Buyer Lands $34M Financing
The first mortgage bridge loan provided by Hunt Real Estate Capital financed the acquisition and planned renovations of a 208-unit community in Pikesville, Md.
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Broadtree Acquires $138M Portfolio
The company purchased 1901 S. Charles and 2 E. Wells in Baltimore, as well as The Overlook in Camp Hill, Pa. After closing, Broadtree now has a property base of nearly $350 million.
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On the Market: 5 Interesting Listings for the Week of 7/9
This week's listings include a newly renovated historic asset in Baltimore that benefits from a CHAP credit, an age-restricted, fully affordable community in Baton Rouge, La., and more.
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  • SVN Brokers MD Student Housing Sale

    The 48-bed community dubbed The Allston features a mix of studio and one- to three-bedroom units that serve students attending Johns Hopkins University.

    26 June 2018 13:56

  • Baltimore-Area Luxury Property Breaks Ground

    The 114-apartment community is part of the of the Metro Centre at Owings Mills mixed-use development, which will include a total of 1,700 residential units.

    22 June 2018 12:57

  • Baltimore-Area Community Changes Hands for $8M

    Built in 1946, the 93-unit property includes 12 garages. The new owner plans to continue the interior renovation of the apartments and make improvements to the amenities.

    15 June 2018 16:04

  • JV Buys 240-Unit Baltimore-Area Community for $50M

    Morgan Properties and Core Real Estate Partners have acquired Orchard Meadows, located in Ellicott City, as a value-add investment. The community will undergo more than $2 million in upgrades.

    06 June 2018 13:53

  • Baltimore’s Downtown Revival Rolls On

    Multifamily transaction volume in 2017 nearly matched 2016's tally, which was the peak for the current cycle. This year, absorption is expected to keep pace with a spate of new supply, leading to modest rent growth.

    05 June 2018 16:58

  • Baltimore Affordable Senior Property Lands $33M HUD Loan

    National Preservation Housing Partners purchased Zion Towers, a 211-unit community, for $39 million. HUD insured a $32.8 million loan for the acquisition and renovation of the property.

    31 May 2018 08:20

  • Hamilton Zanze Makes First MD Buy

    The company acquired the 404-unit Kingscrest Apartments in Frederick for $64.3 million and plans to invest $4.2 million to renovate it.

    23 May 2018 12:58

  • Greysteel Arranges $37M Multifamily Asset Sale

    President & CEO Ari Firoozabadi and Senior Investment Associate Ari Azarbarzin represented the seller of the 417-unit Maryland property. The new owner plans to upgrade the 1964-built asset.

    18 May 2018 14:00

  • Downtown Baltimore’s Luxurious Metamorphosis

    The conversion of historic office buildings into upscale apartments is reshaping the metro’s core. Greater Baltimore Committee President & CEO Donald Fry reveals how the area has become the city’s fastest-growing residential neighborhood.

    13 April 2018 16:49

  • CAPREIT Debuts Luxury Baltimore Community

    The company will manage the 103-unit Nelson Kohl, which was developed by SAA Ernst Valery Investments. Amenities include a sky lounge, dog run and fitness center.

    11 April 2018 14:03

  • Harbor Goup Sells $25M MD Community

    Annen Woods is located near the Baltimore Beltway and includes 131 units across 11 three-story buildings. The new owner is planning to upgrade 90 apartments and several common-area amenities.

    10 April 2018 17:33

  • On the Market: 4 Interesting Listings for the Week of 3/26

    This week's listings include a 100 percent-occupied luxury community in downtown Baltimore, student housing near Philadelphia's universities and a recently renovated value-add opportunity in Columbus, Ohio.

    30 March 2018 15:47

  • On the Market: 4 Interesting Listings for 2/12

    This week's listings include two renovated downtown Baltimore historic buildings and a downtown Portland property that has never been on the market since it was constructed in 1949.

    16 February 2018 14:32

  • On the Market: 5 Interesting Listings for the Week of 2/5

    This week's listings include a five-property LIHTC portfolio across the Baltimore and Washington, D.C., metros; a new community in Oregon; and a recently renovated property in Riverview, Fla.

    09 February 2018 15:43

  • Out-of-State Investor Grabs Baltimore Apartments

    Sage Management sold the 56,000-square-foot Windsor Arms in a deal facilitated by SVN REALSITE. The community includes market-rate and subsidized units.

    12 January 2018 15:04