LAUREL, MD. — Rockville, Maryland-based Berman Enterprises has purchased The Current at Watershed, a build-to-rent asset located at 3101 Runnel Lane in Laurel, roughly midway between Baltimore and Washington, D.C. Bethesda, Maryland-based Couloir Ventures sold the community to Berman Enterprises for $54 million.
Ari Azarbarzin, Chris Doerr, Jack Brocato, Will Harvey, Shack Stanwick, Wallace Halpert and Anthony Pino of Northmarq represented the seller in the deal.
Built in 2023, The Current at Watershed offers 97 three-bedroom townhomes. The average unit size is 1,407 square feet. Each residence features quartz countertops, stainless steel appliances, vinyl wood plank flooring and one- or two-car garages. Community amenities include a pool, clubhouse, pickleball court, fitness center, coworking space, dog park, yoga studio and walking trails and outdoor space.