Urban Green

Posted: 1/6/2020
352 Units
Want to add this to My Listings (or tell us why you're not interested)?
Log In or Register ...

Photos

On Hold
Slideshow Image
On Hold
Slideshow Image
On Hold
Slideshow Image
On Hold
Slideshow Image
On Hold
Slideshow Image
On Hold
Slideshow Image
On Hold
Slideshow Image
On Hold
Slideshow Image
On Hold
Slideshow Image

About

About Urban Green

Cushman & Wakefield is pleased to present Urban Green Apartments, a 352 unit Class A apartment community in Urbana - Frederick, MD’s most exclusive rental market. The Property’s location proximate to the region’s most trafficked accessways, I-270 and I-70, provides direct connectivity to the largest economic engines in the greater Washington, DC MSA. Convenient access to tremendous employment in Urbana, Frederick, the I-270 Technology Corridor and Northern Virginia is creating sustained demand from an affluent renter base. Additionally, the Frederick County Public School System creates a significant draw for younger renters who are looking for the unique combination of a top-tier education system at a relatively affordable cost of living. This increased demand is creating strong apartment market fundamentals with effective rent growth in the submarket of 3.75% YoY in Q4 2019 and vacancy of just 3.94%. Urban Green’s exclusivity in the submarket and premier school district are driving the Property to grow Gross Potential Rent 4.34% over the year which is significantly outperforming the greater market. Property operations at Urban Green will remain strong moving forward due to a severely supply constrained development pipeline and projected annual effective rent growth of 3.08% in the Frederick submarket from 2020 to 2024.

Documents

Flyer