ABERDEEN, MD. — The Kislak Co. Inc., a Woodbridge, New Jersey-based brokerage firm, has arranged the sale of Holly Oaks in Aberdeen, about 31 miles northeast of Baltimore. Built in 2023, the garden-style community consists of five buildings with 12 units in each building. Holly Oaks offers two- and three-bedroom apartments that range from 1,100 to 1,400 square feet. All units feature a patio or balcony, washers and dryers and walk-in closets. Barry Waisbrod and Matt Wolf of Kislak marketed the property. Robert Holland procured the undisclosed New Jersey-based buyer, …
Maryland
BETHESDA, MD. — Fairfax, Virginia-based developer Peterson Cos. has purchased 8001 Woodmont, a 322-unit community in Bethesda, about seven miles north of Washington, D.C. JBG Smith Properties sold the property for $194 million. Robert Jenkins, Bret Thompson and Andrew Gemma of JLL Capital Markets represented the seller in the deal. Delivered in 2021, 8001 Woodmont offers a mix of one-, two- and three-bedroom floor plans. Residents have access to amenities such as a fitness center, rooftop terrace, outdoor pool and concierge services. The property also includes 19,452 square feet of …
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 …
PIKESVILLE, MD. — Colliers has secured a $24.5 million loan for the refinancing of Milford Station, a 199-unit community located at 19 Warren Park Drive in Pikesville, approximately 15 miles northwest of Baltimore. The community features amenities such as a pool, laundry facilities, controlled building access, playground, picnic area and complimentary parking, according to Apartments.com. Bob Beckman of Colliers arranged the non-recourse loan, which features a 30-year term and fixed interest rate of 5.1 percent. Gelfund RE Opportunities and GY Properties were the borrowers.
WALDORF, MD. — Marcus & Millichap has arranged the $6.3 million sale of JSB Apartments, a 48-unit community located in Waldorf, approximately 30 miles south of Washington, D.C. JSB Apartments features one-bedroom units. The property is situated adjacent to Waldorf Station, a 150-acre mixed-use development that will include a grocery store, fitness facility and retail space. Marty Zupancic and Ryan Murray of Marcus & Millichap represented the seller, RGB Holding, in the transaction. The buyer was not disclosed.
BETHESDA, MD. — Willow Bridge Property Co. has begun leasing 4909 Auburn, an 11-story residential tower that is approaching completion in the Woodmont Triangle neighborhood of Bethesda. The community will offer 167 apartments in studio, one- and two-bedroom floor plans. Units will range from 364 to 1,333 square feet. Planned amenities include a fitness center and yoga studio, steam and sauna rooms, pet spa and a parking garage with electric vehicle charging stations. Residents will also have access to a rooftop terrace with a TV and grilling area, common and …
BALTIMORE — Greystone and Cushman & Wakefield have jointly arranged the sale of and acquisition financing for a two-property portfolio in the Columbia suburb of Baltimore, Maryland. Olivetree Management purchased the assets for $73.5 million. The communities, Columbia Apartments and Town Center Apartments, comprise 344 units together. Both properties were 94 percent occupied at the time of sale. The transaction was financed with Fannie Mae loans totaling $57 million. Dan Sacks and Alex Basile of Greystone originated the Fannie Mae Delegated Underwriting & Servicing loans. Jorge Rosa and Anthony Liberto of Cushman & …
BETHESDA, MD. — Walker & Dunlop has added three new employees to its Midwest Investment Sales team in Bethesda. Steve LaMotte and Dane Wilson joined the firm as managing directors, while Ross Wettersten joined as an associate director. The new team joins Walker & Dunlop with over 50 years of combined experience. The team will represent institutional and private clients across the Midwest, specializing in the valuation and disposition of multifamily properties.
NORTH BETHESDA, MD. — JLL Capital Markets has arranged a $92.3 million loan to construct a 354-unit, 12-story project in the Washington, D.C. suburb of North Bethesda. The development is dubbed Parcel H and is located at at 5400 McGrath Blvd. Jon Mikula, Jim Cadranell, Jamie Leachman and Ryan Carroll of JLL Capital Markets arranged the four-year, floating-rate loan through SMBC on behalf of the borrower, LCOR. Upon completion, the community will offer one-, two- and three-bedroom units, as well as nine penthouse units. Units average 881 square feet in …
SILVER SPRING, MD. — Green Street Housing and TM Associates Development have broken ground on Sligo Apartments, an affordable housing development in Silver Spring. All 102 units at the community will be available at restricted rents. The project is financed through a Low Income Housing Tax Credit (LIHTC) investment from Hudson Housing Capital and Capital One, who is also providing the permanent debt financing, as well as loans from the Maryland Department of Housing and Community Development.