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- Greystone and Cushman & Wakefield Facilitate $73.5M Maryland Multifamily Portfolio Acquisition
Greystone and Cushman & Wakefield Facilitate $73.5M Maryland Multifamily Portfolio Acquisition
Slice of Real Estate Team
July 30, 2024
Key Highlights:
Acquisition of a 344-unit multifamily portfolio in Maryland.
Financing provided through Fannie Mae loans totaling $57 million.
High occupancy rate of 94% in Columbia, Baltimore suburb.
Collaboration between Greystone and Cushman & Wakefield.
Sale advised by Jorge Rosa and TJ Liberto.
Source (Globe Newswire)
Notable Quote:
“This transaction represents a true collaboration for our teams, culminating in a repeat client of ours acquiring the properties and Greystone being able to provide the acquisition financing with Cushman & Wakefield advising on the sale.”
Our Take:
The successful acquisition and financing of this 344-unit multifamily portfolio in Maryland underscore the effectiveness of strategic partnerships in the commercial real estate sector. Greystone and Cushman & Wakefield's collaboration highlights the importance of combining financial expertise and market knowledge to navigate high volatility and deliver smooth executions for clients. This transaction not only signifies the high demand for properties in the desirable Columbia suburb but also reinforces the robust investment opportunities present in the Maryland real estate market.