Luxury MD Senior Housing Welcomes Residents

Capitol Seniors Housing opened the 84-unit assisted living and memory care community in the heart of Anne Arundel County. The Arbor Co. will operate the 72,140-square-foot facility.

Avanath Buys Maryland Senior Community

Delivered in 2006, the 102-unit Victoria Park at Edgewater in Anne Arundel County traded for a little over $11.3 million.

Baltimore matrix mf report Image by Sean Pavone

Baltimore Multifamily Report – Winter 2019

Despite a cycle peak in new apartment developments last year, demand remained strong, maintaining occupancy within a relatively tight range.

Fox Crossing

Gellar Associates Acquires Baltimore Asset

The buyer, Geller Associates, opted to finance the acquisition under Fannie Mae’s Green Rewards program and will implement energy and water saving measures.

David S. Brown Names Residential Division VP

Anne Angel has more than 30 years of experience in business and real estate. In her new role, she will oversee leasing and marketing activities.

Baltimore Asset Trades in 1031 Exchange

An out-of-state investor acquired Preston Place, a 10-unit property in the Mt. Vernon neighborhood, as part of a 1031 Exchange.

NKF Closes $76M Sale of Luxury MD Property

Built in 2016, The James is situated in Annapolis, one of the region’s most desirable rental markets.

Promark Buys Baltimore-Area Community

The firm acquired the 54-unit Class B community in Glen Burnie, Md., for more than $7 million, using a $6.1 million acquisition loan.

Lincoln Avenue Enters Baltimore Market

The buyer financed the roughly $14 million purchase of the 321-unit fully affordable community with a $14 million acquisition and development loan.

First Phase of Baltimore Development Opens

Once completed, the Center\West project will have 2,853 apartment units, 20 percent of which will be set aside for workforce housing.