The seller renovated the 1968-built community in 2018. The buyer plans to further upgrade the 144-unit, mixed-use asset.
CBRE represented the seller in the deal and arranged financing on behalf of the new owner.
The Germantown asset previously changed hands in 2018 for nearly $88 million.
The abandoned industrial building has been converted into a net-zero energy facility with two floors of drive-up access units.
The 200-unit community in Pikesville, Md., is undergoing an interior renovation program.
A new 78-unit community will replace a decaying public housing property in Annapolis.