The Rockville, Md., family-owned developer bought the property from Couloir Ventures of Bethesda, Md., which had constructed it last year. Couloir, which specializes in what's commonly referred to as build-to-rent properties - that is, townhome or single-family homes that are ...
Berman Enterprises has paid $54 million, or $556,701/unit, for the 94-unit Current at Watershed rental townhome property in Laurel, Md., which is roughly midway between Baltimore and Washington, D.C. The Rockville, Md., family-owned developer bought the property from Couloir Ventures ...
The buyer had assumed a $61.2 million Freddie Mac loan that's securitized through FREMF, 2019-K99. The loan requires only interest payments through its August 2029 maturity and pays a coupon of 3.4 percent.
Multi-Housing News Excelsa Properties has paid $105.5 million, or $314,925/unit, for Concord Park at Russett, a 335-unit apartment property in Laurel, Md. The Bethesda, Md., investor purchased the property from Starwood Real Estate Income Trust Inc., and it assumed a ...
85 percent occupied.
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