![]() ![]() More than 50 percent of the units have direct entry or location on the first floor. The portfolio is comprised of Class A & B communities with an average year built of 1997 and an average unit size of 998 square feet. The assets feature a variety of floorplans and price points to cater to a wide variety of renters offering affordable to condominium-quality luxury apartments. The purchase allows Strata to materially expand its presence into a new geographic market, as well as take advantage of best in market loan terms given such great economies of scale,” said Mr. ![]() “The portfolio is a unique opportunity to purchase eleven assets of varying ages and class in one submarket. Mike Muldowney, Michael Rudolph of CBRE’s Baltimore office represented the seller, DC-based Federal Capital Partners. Charles, Maryland, just 13 miles from the Washington DC Beltway.īill Chiles, Scott Peterson and Brian Cruz of CBRE’s San Diego office, along with David Webb and Maxi Thiels Leachman in the Washington DC office, secured the aggressively priced 12-year, interest-only loans with Fannie Mae. All 1,731 units are located within a master-planned community of St. CBRE Capital Markets’ Debt & Structured Finance team has arranged a $199 million loan on behalf of Strata Equity Group for its purchase of an 11-property apartment portfolio. ![]()
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