Multifamily news in Baltimore

Baltimore-Area Community Changes Hands for $8M
Built in 1946, the 93-unit property provides two-bedroom units and 12 garages. The new owner plans to continue the interior renovation of the apartments and make improvements to common area amenities.
Market Rate
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.
Finance & Investment
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.

  • 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

  • Investors Stay Bullish, Rent Growth Slows in Baltimore

    Although fueled by demand for live-work-play communities and an ongoing urban development surge, the city's multifamily market fundamentals continue to lag behind the national trend.

    21 December 2017 17:16

  • Affordable MD Townhomes Undergoing $14M Rehab

    Seventy-five of the units in Scotland Community will receive both interior and exterior renovations, with funds provided by the Low Income Housing Tax Credit.

    19 December 2017 16:32

  • $277M MD Portfolio Changes Hands

    The four-asset NOAH portfolio brings Morgan Properties' total multifamily investments to $1.2 billion and more than 8,600 units during the past year.

    18 December 2017 14:43

  • Hunt Obtains $23M Financing for VA and MD Assets

    The company provided an acquisition loan for the 176-unit Trellis at Lee’s Mill Apartments in Newport News, Va., as well as a refinancing loan for the 162–unit Hickory Hill Apartments in Frederick, Md.

    15 December 2017 17:36

  • ROSS Acquires 210-Unit MD Community

    Located in Towson, Md., Versailles Apartments features a car wash, 24-hour emergency maintenance and a playground.

    13 December 2017 16:51