Multifamily news in Deals - Baltimore
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Baltimore-Area Community Changes Hands for $28M
Klein Enterprises delivered the 108-unit townhome property in 2014, with construction financing from Western & Southern Financial Group.
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Affordable Senior Community Changes Hands in Baltimore
BCI Management paid roughly $8 million for the 100-unit property located in the Gwynn Oak submarket.
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Maryland Apartments Change Hands
Newmark Knight Frank facilitated a $61.8 million acquisition loan for the sale of Concord Park at Russett, a 335-unit community in Laurel.
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Hamilton Zanze Buys DC-Area Community
The real estate investment firm has acquired The Reserve at Ballenger Creek Apartments, a 204-unit asset in Frederick, Md. Mission Rock Residential has taken over property management.
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Baltimore Luxury Community Nabs Refi Loan
Hunt Real Estate Capital arranged the Fannie Mae conventional multifamily financing for a partnership of local developer Mark Sapperstein and Kinsley Equities.
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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.
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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.
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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.
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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.
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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.
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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.
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AvalonBay Buys $83M Luxury Asset in Suburban Baltimore
A joint venture between Trammell Crow Residential and an affiliate of Western & Southern Financial Group sold the 310-unit community in Linthicum Heights, Md.
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Sage Management Adds 687 Units in MD
The company paid $113 million for two properties in the D.C. and Baltimore metros. The communities will be owner-managed and will receive amenity improvements and various renovations.
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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.