Multifamily news in Market Rate Housing - 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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$800M Baltimore Development Reaches Milestone
The first phase of La Cité Development’s massive Center\West mixed-use project is nearing completion.
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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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$1B Redevelopment Breaks Ground in Baltimore
The city’s housing authority started the first phase of a six-year plan that will create 1,345 new residential units, as well as a variety of community resources and services.
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Baltimore Warehouse to Become Apartments
The Mid-Atlantic Multifamily Group of Transwestern Commercial Services has been named the exclusive advisor for the adaptive-reuse project which could see more than 140 units created in the historic brick building.
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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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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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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.
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On the Market: 5 Interesting Listings for the Week of 9/24
This week's listings include a value-add opportunity in the growing Glendale area of Queens, N.Y.; a well-positioned Connecticut portfolio; and more.
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On the Market: 5 Interesting Listings for the Week of 9/17
This week's roundup includes a luxury high-rise in the heart of Miami, a student housing opportunity in Baltimore and an adaptive-reuse property in the Richmond area, among others.
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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.