Penn Station Apartment Portfolio

About Penn Station Apartment Portfolio

The Cushman & Wakefield Baltimore Multifamily Advisory Group is pleased to present the exclusive listing of The Penn Station Apartment Portfolio located in Baltimore, MD. The Portfolio offers investors the opportunity to acquire a high-performing Apartment Portfolio with streamlined management operations, largely clustered just North of Penn Station, and in close proximity to Johns Hopkins University and The Maryland Institute College of Art (MICA).

While a scattered-site offering, The Penn Station Apartment Portfolio operates and resembles a centralized apartment property. Benefiting from significant capital improvements, robust rent collections, and seamless management operations, future ownership will acquire a high-performing boutique apartment business in one of the City’s most dynamic submarkets. The Portfolio has received substantial investment including the installation of In-Unit Washer/Dryers, Microwaves, Dishwashers, Stainless Steel Appliances, Granite Countertops, Backsplashes, and luxury vinyl plank flooring. The vast majority of the portfolio was fully rebuilt from the original foundation and walls.

The Portfolio is within immediate proximity of Baltimore Penn Station which is set to undergo a $90 Million Renovation later this year. The Master Plan will include up to 1.6 Million Square Feet of hotel, office, retail and residential space. Residents are able to commute door to door from their residence to Downtown Washington D.C. in less than 70 minutes.