City: Laurel
Concord Park at Russett
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.
335-Unit Apartment Property in Laurel, Md., Sells for $105.5Mln, Subject to Loan Assumption
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 ...
Towne Centre at Laurel/14702 Baltimore Ave.
85 percent occupied.
Montpelier Research Park/7701-7707 Montpelier Road
70 percent leased.
Westgate of Laurel/8114 Gorman Ave.
93 percent occupied.
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