Transwestern Retained by Continental Realty Corporation to Sell Four-Property Portfolio

Transwestern today announces it has been retained by Continental Realty Corporation to sell a four-property multifamily value-add portfolio totaling 627 units in Baltimore. Dean Sigmon and Robin Williams, co-directors of Transwestern’s Mid-Atlantic Multifamily Group, are the lead listing agents on the portfolio, which includes the following properties:

- Oaklee Village: 318 units at 1001 Arion Park Road

- Leeds Avenue: 16 units at 1005 Leeds Ave.

- Hunting Hills: 150 units at 4601 Pen Lucy Road

- Mallow Hill: 80 units at 220 Stonecroft Road

“These apartment communities have been extremely well-maintained through significant capital improvements and offer investors upside potential by continuing in-unit renovations,” said Sigmon. “Additionally, the Baltimore metro area has experienced robust year-over-year job growth, and the four properties are located near major employment centers like St. Agnes Hospital, the University of Maryland – Baltimore County (UMBC), Social Security Administration Headquarters and Baltimore-Washington International Airport.”

According to Transwestern research, the Baltimore metro added 31,100 jobs during the 12 months ending August 2016, which is nearly quadruple the 10-year annual average of 8,000.

The properties are near full occupancy and offer easy access to downtown Baltimore as well as a dynamic transportation network, with proximity to Routes 1 and 40 and Interstates 695, 70 and 95.

ABOUT TRANSWESTERN

Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has
34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Mid-Atlantic region, follow @TranswesternDC.