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Cushman & Wakefield's Mid-Atlantic Multifamily Advisory Group is pleased to present One Charles Center, a rare and generational opportunity to acquire a large residential conversion opportunity in Baltimore’s dynamic Central Business District. The Building is well-suited for acquisition by a developer seeking to deliver Class A Urban High-Rise Product with deep luxurious amenities.

Totaling 23 Floors, One Charles Center is well-appointed to attract urbane sophisticated renters seeking city living in proximity to major work and entertainment centers. The Property was originally designed by world-renowned architect, Ludwig Mies van der Rohe, and is recognized as the first building in Charles Center precipitating Baltimore’s urban renewal movement in the 1960’s. One Charles Center underwent major renovations in 1987 and 1993 with the latter renovation restoring the building to its original Mies van der Rohe design and condition. A full-service amenity floor was added to the building in 2021.

The Central Business District and Downtown Baltimore has seen a resurgence of late with $50M+ in Transaction Volume within 2 blocks of One Charles Center across nearly a dozen transactions since January 2020.

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One Charles Center
   
100 N. Charles Street
Baltimore, MD  21201
Posted: 9/6/2022

The Cushman & Wakefield Mid-Atlantic Single-Family Advisory Group is pleased to present The Cobham Portfolio located in Baltimore, MD. The Offering is comprised of 11 single-family rental units located throughout Baltimore City. The Portfolio is well positioned for an acute value-add business plan executing a leasing strategy to attract renters receiving housing vouchers and rental subsidies. Residents are afforded oustanding access to significant employers, education institutions, retailers, dining and entertainment in their respective neighborhoods. Major employers near the clusters in the portfolio include Johns Hopkins University (25,000 employees), Johns Hopkins Health System (19,340 employees) and MedStar Health System (6,027 employees).

The Cobham Portfolio contains 11 Baltimore City homes offering an investor the opportunity to acquire a value-add portfolio with ample room to increase rents, following light interior renovations, and implementing a voucher-driven leasing strategy, with market rents averaging $1,663 across the eleven properties.

Emerging as one of the most attractive asset classes to both institutional and private investors, Single-Family Rentals offer high yields and strong occupancy rates. High-Performance Metrics for Single-Family Rentals include a 99% occupancy rate, 8.5% annualized vacant-to-occupied (V2O), an increase of 5x the 2020 Rate. Baltimore City Housing Voucher Rents consistently outperform comparable market rate levels.

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Coming Soon
The Cobham Single-Family Portfolio
11 Units
522 E. 43rd Street
Baltimore, MD  21212
Type: Single Family Rental
Posted: 9/30/2022

The Cushman and Wakefield Mid-Atlantic Multifamily Advisory Group is pleased to present The Highlander, a rare opportunity to acquire a best-in-class newly built asset in Baltimore’s Bohemian Woodberry Neighborhood. Built in 2021, The Property features twelve 2 BD/ 2BA Units and is less than two miles from both Johns Hopkins University (Homewood Campus) and Loyola University Maryland. The Highlander is a 15-minute drive from major employers in Downtown as well as Harbor East & Harbor Point.

The Highlander resonates with an affluent and discerning demographic of renters. The amenities includes in-unit washer/dryers, dishwashers, granite countertops, microwaves, stainless steel appliances, and central air conditioning, while the building has a sprinkler system, on-site parking, and a Butterfly Video Intercom System. Residents pay all utilities except for trash.

The Highlander benefits from the Baltimore Development Corporation's High Performance Tax Credit, aimed at encouraging development of new or converted market-rate apartments in the City. The tax credit is based on the increase in the value of real property due to improvements pertaining to construction/conversion costs.

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The Highlander
12 Units
2080 Rockrose Avenue
Baltimore, MD  21211
Type: Conventional
Posted: 5/1/2022

Cushman & Wakefield's Mid-Atlantic Multifamily Advisory Group is pleased to present The Park Lynn Apartments, a rare opportunity to acquire a garden-style, proven value-add asset in Baltimore’s bucolic Roland Park Neighborhood. The Community has been privately owned and managed since its construction in 1949, offering an unrivaled opportunity for new ownership to raise rents and reduce operating expenses, dramatically increasing The Property’s net operating income. The units are fitted with hardwood floors, ample natural light, and several townhome floorplans. Impactful rent growth can be achieved through cosmetic renovations including modern kitchens and bathrooms, creating urbane sophisticated interiors appealing to high-income renters, while trailing Class A Luxury Residences

Established in 1891, by Frederick Law Olmstead Jr., Roland Park is Baltimore City’s Preeminent Residential Enclave. The neighborhood is distinguished by its prominent architecture, and picturesque scenery. The Park Lynn Apartments are immediately behind Roland Park Shopping Center, America’s first planned Shopping Center.More than 50% of Roland Park Residents hold a Master’s Degree or higher with average household income approaching $110,000-double the national average. The Property is located approximately one mile from both Johns Hopkins University and Loyola University of Maryland.

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The Park Lynn Apartments
53 Units
4 Upland Road
Baltimore, MD  21210
Type: Conventional
Posted: 2/21/2022

Century Realty and Cushman & Wakefield are pleased to present Geary Plaza, located in Charleston, WV, the state capital and largest city by population. The offering is perfectly suited for a value-add business plan, focused on making substantial rent increases, increasing occupancy, and reducing annual operating expenses. The Property's anchor tenant is a division of publicly-traded UnitedHealth Group Inc. Positioned in The Central Business District, Geary Plaza is located on a high-visibility corner, with spacious floor plates, ample natural light, and panoramic views of Downtown Charleston.

The City has benefited from significant investment with more than $120 million in infrastructure capital entering the city since 2012, including hotels, restaurants, tourism infrastructure, mixed use buildings and other projects that make Charleston more attractive for people to live, visit, work, recreate, innovate and invest. Notable projects in the past 10 years include, the transformation of The Charleston Coliseum and Convention Center, the construction of Appalachian Power Park, home of The Charleston Dirty Birds, and Phase I Redevelopment of Schoenbaum Stage at Haddad Riverfront Park, home to the City's free Concert Series.

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Geary Plaza
   
700 Washington Street
Charleston, WV  25301
Type: Land
Posted: 2/21/2022

The Cushman & Wakefield Mid-Atlantic Multifamily Advisory Group is pleased to present the exclusive listing of The Linkwood Apartments located within Baltimore’s Tuscany-Canterbury neighborhood. The Property is well-placed, equidistant from Johns Hopkins University and Loyola University Maryland, while also adjacent to Roland Park and Guilford, Baltimore City’s two preeminent residential enclaves.

The Linkwood Apartments offer investors the compelling opportunity to acquire a light value-add garden-style apartment community that feature two-bedroom units, and communal amenities such as on-site parking and laundry. Further value can be created through the cosmetic renovation of existing kitchens and bathrooms. The opportunity exists to continue operating the community as conventional multifamily housing or converting the property to student housing. Additionally, all utilities are paid by the Property except for individual electric and select RUBS Billing. Effectuating the Rubs Program consistently throughout the community, as well as billing regularly for parking can bolster existing Net Operating Income.

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Under Contract
Linkwood Apartments
48 Units
4000-4014 Linkwood Road
Baltimore, MD  21210
Type: Conventional
Posted: 11/29/2021

The Cushman & Wakefield Mid-Atlantic Single-Family Advisory Group is pleased to present The Citadel Single-Family Portfolio located in Baltimore, MD. The Offering is comprised of 20 single-family rental units primarily in Northeast Baltimore with centralized management operations. The Portfolio is well positioned for a value-add business plan executing a leasing strategy to attract renters receiving housing vouchers and rental subsidies. With average rents of almost $1,300 the opportunity exists to increase rents as much as $200-$300 with minimal capital expenditure, while actively leasing to residents receiving rental vouchers. Single-Family Rentals offer high yields and strong occupancy rates. High-Performance Metrics for Single-Family Rentals include a 99% occupancy rate, 8.5% annualized vacant-to-occupied (V2O), an increase of 5x the 2020 Rate. Baltimore City Housing Voucher Rents consistently outperform comparable market rate levels.

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Under Contract
The Citadel Single-Family Rental Portfolio
20 Units
Various
Baltimore, MD  21213
Posted: 5/21/2022

Cushman & Wakefield's Mid-Atlantic Multifamily Group is pleased to offer The Kenary, a boutique Class A apartment building recently delivered in Baltimore's Fells Point Neighborhood. The Property features 11 residential units as well as a commercial space. The Property is well-located just off of the Fells Point waterfront, with residents enjoying immediate proximity to The Broadway Market (2 blocks), The Sagamore Pendry Hotel (4 blocks), and Whole Foods (6 blocks).

With only 11 residential units, The Kenary's true boutique community feel is accentuated by thoughtfully-crafted unit interiors representing the pinnacle of modern living in Fells Point. Strategic execution provides a luxurious lifestyle offering in a highly desirable location. The Kenary's impressive finishes and boutique living experience attracts a discerning resident profile. The apartments are 100% pre-leased with a blended average rent of $1,500 across the 1 and 2 bedroom units.

Fells Point benefits from impressive rental metrics boasting the highest average 1 Bedroom and 2 Bedroom Rates in the Baltimore Market, at $2,200 and $3,075 per month respectively. Sales velocity remains amongst the lowest in Baltimore City, with only two multifamily sales transaction in the neighborhood since January 2020 (CoStar).

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Under Contract
The Kenary
12 Units
1707 Eastern Avenue
Baltimore, MD  21231
Type: Conventional
Posted: 6/17/2022

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present the exclusive listing of The Lofts @ 1521, located in the historic Baltimore City Neighborhood of Bolton Hill. The Property is well suited for a value-add business plan, while preserving the Property’s historic features. The Lofts @ 1521 contains 5 residential units and parking in the rear of the Property.

Investors are afforded a compelling opportunity to acquire an apartment building where further value can be created through the cosmetic renovation of existing kitchens and bathrooms, adding modern tasteful finishes, and achieving an attractive ROI. Income can also be bolstered through streamlining management expenses and increasing operational efficiency.

The Property is in close proximity to Baltimore’s 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.

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Under Contract
The Lofts @1521
5 Units
1521 Park Avenue
Baltimore, MD  21217
Posted: 2/21/2022