Multifamily news in Market Rate Housing - Baltimore
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Pantzer Properties Sells 468-Unit Maryland Community
The Germantown asset previously changed hands in 2018 for nearly $88 million.
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Gelfund Real Estate Opportunities Pays $30M for Baltimore Asset
The 200-unit community in Pikesville, Md., is undergoing an interior renovation program.
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Investcorp Picks Up $330M Multifamily Portfolio
The 1,854-unit portfolio is spread across five properties in Georgia, Maryland and Florida.
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Baltimore-Area Community Trades for $16M
The property had last changed hands more than a decade ago for $8.7 million.
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Wood Partners Breaks Ground on Baltimore Project
A former industrial site will be transformed into Alta Federal Hill, a two-phase development.
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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.