Mid-Atlantic
Tallest MD Residential Tower Tops Out
The 44-story luxury high-rise overlooking Inner Harbor broke ground in March 2016 and is slated to welcome its first residents by spring 2018.
Kettler Announces New President
As the newly appointed president of the property management division, David Ohlrich will replace Cindy Clare and report directly to COO Usha Chaudhary.
JBG Lands $110M Refi for Iconic DC Asset
Atlantic Plumbing was erected in 2016 and designed by Morris Adjmi Architects. Aside from its 310 residential units, the building touts more than 19,000 square feet of ground-floor retail and restaurant space as well as a movie theater.
Fulton Hill Properties Breaks Ground on Richmond Project
Artisan Hill will be a 204-unit community adjoined by an artists’ gathering place. The development, located at 1000 Carlisle Ave., near several parks and trails, is slated for completion in 2019.
U of Maryland Student Housing Changes Hands
Toll Brothers Campus Living and Ares Management sold Terrapin Row, a 418-unit, 1,493-bed community in College Park, Md. The sale was the largest single-asset student housing transaction so far in 2017.
JV Receives $61M Loan for MD Development
Walker & Dunlop provided a 40-year, fixed-rate HUD loan for the development of Monarch at Waugh Chapel. The apartment community will be situated midway between Washington, D.C., and Baltimore, along U.S. Route 3.
Nusbaum Opens Doors of 1st MD Project
The Fred, a 240-unit apartment community, is situated only an hour away from Baltimore and Washington, D.C. The company initially invested $50 million into the development, which broke ground last year.
Greysteel to Sell VA Affordable Housing Portfolio
The company was tapped to market Lexington Commons in Newport News, Va., and Parkwood Manor in Norfolk, Va., totaling 232 units.
UIP Snags $32M MD Community
The company purchased the 212-unit Walker House in Gaithersburg, Md., from Washington REIT. UIP plans to renovate the older apartments and some of the community common areas.
Greysteel Closes Fully Affordable Baltimore Sale
The 150-unit Portside Apartments is located within a 20-minute drive of downtown and is subject to Section 42 provisions. The property last changed hands in 2005.