Baltimore

Baltimore: Image by halbergman/iStockphoto.com

Baltimore Multifamily Report – December 2022

While fundamentals softened, the market remained healthy.

Arcland Opens Suburban Baltimore Self Storage

The 825-unit property operates under the Self Storage Plus brand.

Howard Hughes Lands $117M for Maryland Community

The project is part of the firm’s master-planned development, the Downtown Columbia Plan.

Andover Properties Acquires Baltimore-Area Asset

Allender Self Storage offers 500 units across 17 buildings.

Cold Spring Lane. Image courtesy of Greystone

Greystone Arranges Financing for Baltimore Affordable Housing

Several community organizations provided grants to support the transit-oriented project.

Baltimore Multifamily Report – August 2022

Baltimore’s multifamily market posted moderate performance amid rising interest rates and a declining population. The average rent reached $1,664, up 0.8 percent on a trailing three-month basis through June, picking up after two quarters of sluggish increases. The rate remains just below the $1,706 U.S. figure. READ THE FULL YARDI MATRIX REPORT Baltimore’s economy is still lagging pre-pandemic levels of employment, but is making strides nonetheless. Job growth was at 4.1 percent —60 basis points behind the U.S. average—with 71,700 positions added in the 12 months ending in May. The unemployment rate clocked in at 3.6 percent as of May,…

110-130 W South St.

SCG Breaks Ground on Baltimore Project

South Street Centre will offer both affordable and senior housing once completed.

Cascades of Frederick

CHI Moves Forward on Baltimore Senior Development

The firm partnered with AGM Financial Services to procure the funding for Cascades of Frederick.

Rose Valley Lands $70M for Baltimore-Area Acquisition

Natixis provided the loan for the purchase of a 314-unit community in Frederick, Md.

CRC Sells Baltimore-Area Community for $93M

The asset last traded in 2016, for $61.6 million.