Search
 

Baltimore Multifamily Trades for $87M

BALTMORE-The apartment building adjacent to these properties is also under contract with the buyer planning to tear down the structure and completely rebuild.

By Erika Morphy | Updated on August 09, 2012

BALTIMORE-Two contiguous apartment buildings in the Towson submarket have traded in what participants call one of the largest deals for Baltimore in years. The properties, The Jazz and The Renaissance–collectively known as The Quarter–traded for an undisclosed price. Public records report that the two were sold for an aggregate $87 million. Principals from the Mid-Atlantic team of Atlanta-headquartered ARA, Drew White, Mike Marshall and Ryan Ogden, represented the sellers, a joint venture between AIG Global Real Estate and Lane Northeast. CBRE Global Investors was the buyer.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

GlobeSt. Multifamily Fall 2024Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.