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Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present The Pointe at County Crossing (The Property), a 466 -unit townhome community with proven value-add potential in Baltimore, MD. The Pointe at County Crossing presents the opportunity to acquire immediate scale in one of the Mid-Atlantic’s highest performing apartment markets. The Baltimore market has been an outperformer with low vacancy and accelerated rent growth over the last twelve months with this trend projected to continue. The Property is perfectly positioned to take advantage of these lofty apartment fundamentals due to its dynamic Harford County location, within the high growth I-95 Industrial corridor. The Property is currently 95% occupied and has proven upside with renovated unit garnering rent increases up to $175. The opportunity exists to renovate the remaining 66% of units (307 total units) to achieve similar or increased premiums based on rents for renovated units in the immediate competitive set. The Pointe at County Crossing presents a unique opportunity to acquire a large-scale asset with proven value-add upside in Baltimore, MD, one of the Mid-Atlantic’s best multifamily markets.
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The Pointe at County Crossing
466 Units
311 Trimble Road
Joppa, MD  21085
Type: Conventional
Posted: 1/3/2022

The Cushman & Wakefield Baltimore 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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Linkwood Apartments
Offers Due:  Tuesday, January 18, 2022
48 Units
4000-4014 Linkwood Road
Baltimore, MD  21210
Type: Conventional
Posted: 11/29/2021

The Cushman & Wakefield Baltimore Multifamily Advisory Group is pleased to present the exclusive listing of The Carriage Court Apartments, a 71-unit value-add apartment community located in Edgewood, MD. Rental Premiums can be achieved through a strategic enhanced renovation strategy, similar to properties within the competitive set. Overall, this Property presents investors with the rare opportunity to acquire a medium-size value-add apartment community with the ability to increase residential density and significantly raise in-place rents. The Property has not sold since 2006, creating tangible upside for future ownership.

Carriage Court is situated on approximately 9 acres enabling flexibility to increase residential density by splitting existing units, as 59 of the 71 units have a floor plan size of 1,400 square feet or larger, including Eight 4 Bed/3 BA units averaging 1,800 square feet. Based on previously approved plans, the total unit count could increase to as many as 126 units following the reconfiguration plan.

Located along I-95 between Philadelphia and Baltimore, Harford County is home to over 27M SF of industrial space. Notable Employers within a 5-mile radius of the Property include Kohl’s, which is just 1 mile away (1,255 workers) and Amazon (1,000 workers). Home Furnishings Giant Wayfair is set to open a 1.2 million square foot distribution center in nearby Aberdeen in 2022. Aberdeen Proving Ground, the largest employer in The County, employs more than 21,000 employees providing high-paying jobs to residents of Edgewood and surrounding communities with an average annual salary of $81,000. Carriage Court is less than 2.5 miles from Aberdeen Proving Ground’s South Gate.

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Carriage Court
71 Units
102 Reider Court
Edgewood, MD  21040
Type: Conventional
Posted: 11/9/2021

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.

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Penn Station Apartment Portfolio
Offers Due:  Tuesday, January 25, 2022
72 Units
Various
Baltimore, MD  21202
Type: Conventional
Posted: 12/13/2021

The Cushman & Wakefield Baltimore Multifamily Advisory Group is pleased to present The Mayfield Portfolio located in Baltimore, MD. The Offering is comprised of 27 single-family rental units with centralized management operations. The Mayfield Portfolio is well positioned for an acute value-add business plan executing a leasing strategy to attract renters receiving housing vouchers and rental subsidies.

Currently less than 10% of the residents receive housing subsidies and rent increases have remained relatively flat over the past 18 months. The opportunity to increase rents as much as 20%-25% 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.

The Majority of the Homes have received substantial capital improvements including new rooves, windows, mechanicals, and electrical systems. Other important enhancements include the installation of in-home washer/dryers, central air conditioning, dishwashers, modern appliances, and upgraded kitchen and bathroom finishes.

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The Mayfield Single-Family Portfolio
27 Units
2856 Harford Road
Baltimore, MD  21218
Type: Single Family Rental
Posted: 11/10/2021
Cushman & Wakefield’s Baltimore Multifamily Advisory Group is pleased to present the exclusive listing of Falls Hill, located in the stylish Baltimore City Neighborhood of Hampden. The land is located in one of Baltimore’s most vibrant submarkets with immediate access to major amenities such as The Avenue along 36th Street, Johns Hopkins University, Whole Foods, and I-83 for commuters. Falls Hills is one of the last remaining undeveloped land sites in the area, straddling the desirable communities of Roland Park and Hampden. The offering provides developers extraordinary flexibility, to deliver low-density housing in an attractive rental and for-sale market with uncanny access to significant Baltimore Market Drivers.
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Falls Hill
1.1 Acres
1100 Falls Hill Road
Baltimore, MD  21211
Type: Land
Posted: 6/3/2021

The Cushman & Wakefield Baltimore Multifamily Advisory Group is pleased to present the exclusive listing of The Belair Road SFR Portfolio located in Baltimore, MD. Single-Family Investors have the ability to acquire a stabilized and renovated Single-Family Rental Portfolio, comprised of 20 exclusively detached homes located along the Desirable Belair Road Corridor. The Homes feature premium interior amenities, including Central Air-Conditioning, Granite Countertops and Modern Kitchen Appliances.

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. Majority of the Residents receive rental assistance, providing stable, guaranteed income, with consistent gradual rent increases. The Belair Road SFR Portfolio is situated less than 3-miles from Morgan State and 5-miles from Loyola University, which combined employ 5,000 workers and host 13,000 students.

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Belair Road Single- Family Rental Portfolio
20 Units
Various
Baltimore, MD  21206
Type: Single Family Rental
Posted: 10/11/2021

Cushman & Wakefield’s Baltimore Multifamily Advisory Group is pleased to present the exclusive listing of Calvert Village, totaling 9 Buildings and 42 units. Calvert Village will provide investors the compelling opportunity to acquire a turn-key asset of medium scale along Calvert Street in the Charles Village Section of Baltimore. Calvert Village has been completely renovated with all structural and mechanical improvements occurring the past 12 months, including new electric, installing in-unit washer/dryers, new roofs, new plumbing, apartment interior renovations, new HVAC Units and Hot Water Heaters. Unit interiors include stainless steel appliances, new windows and floors, granite countertops, central air conditioning, in-unit washer/dryers, luxury vinyl plank flooring, and high ceilings with ample natural light.

Calvert Village 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.

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Calvert Village
42 Units
2404 N. Calvert Street, 2422-2436 N. Calvert Street
Baltimore, MD  21218
Type: Conventional
Posted: 6/27/2021

Cushman & Wakefield’s Baltimore Multifamily Advisory Group is pleased to present the exclusive listing of The Flats at 1406 Eutaw Place, 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 and distinct Brownstone façade. The Property contains 21 residential units and a carriage house and garage in the rear of the Property.

Investors are afforded a compelling opportunity to acquire an apartment building of medium scale that has not changed hands in nearly 40 years. Asset Revenue can be improved both through kitchen and bathroom renovations, followed by rent increases and streamlining of management operations, as current rents trail market rents by as much as 35%. With 8-15-foot ceilings, ample natural light, hardwood floors, and original historic details, The Flats at 1406 Eutaw Place attract a sophisticated urban renter, while lagging behind the rents of the highly amenitized comparable, The Jordan (1517 Eutaw Place), where studios rents start at nearly $1300 per month

Baltimore’s Penn Station 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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The Flats at 1406 Eutaw Place
21 Units
1406 Eutaw Place
Baltimore, MD  21217
Type: Conventional
Posted: 5/31/2021

The Property is being offered for sale in conjuntction with our partners at Ten-X

The Cushman Wakefield Baltimore Capital Markets Group is pleased to present the exclusive listing of 8157 Loch Raven Boulevard located in Towson, MD. The First Two Floors total 4,5000 square feet, while the top floor is approximately 2,000 square feet. The first and second floors are primarily medical and office suites, while the basement has a laboratory and medical device manufacturing capabilities. Prior to Maryland Orthotics and Prosthetics, the basement was subdivided into individual offices. The Property was last occupied by Maryland Prosthetics and Orthotics, and prior to their tenure, MONY Life Insurance Company of America. 8517 Loch Raven Boulevard is viable for several uses including office, medical office, and or even a dispensary. Within a 5-mile radius of the Property, the average household income is $102,221, 15 % higher than the Maryland Average, and 70% of residents in the same radius hold a greater than a high school level of education, 8% higher than the Maryland Average.

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8517 Loch Raven Boulevard
Offers Due:  Monday, March 14, 2022
   
8517 Loch Raven Boulevard
Towson, MD  21286
Posted: 3/31/2021

The Cushman & Wakefield Baltimore Multifamily Advisory Group is pleased to present the exclusive listing of Oliver Street Lofts, in Station North. The Property offers future ownership the rare opportunity to acquire a mixed-use redevelopment project in immediate proximity to Baltimore's Penn Station. Oliver Street Lofts was originally the site of the former Crown Shade Factory, which was converted 20 years ago into a mixed-use community with industrial, office, artist, and residential space. With 10-30-foot ceilings, large floor plans, a functioning elevator, ample natural light, and distinct industrial finishes and features, Oliver Street Lofts is poised to attract a sophisticated and urbane renter.

Baltimore's Penn Station is set to undergo a $90 Million Renovation later this year. The improvements will include refurbishing the more than 100-year-old "Head House" building a glass-walled passenger concourse, adding space for shops, eateries and offices, and constructing a new high-speed rail platform. Residents are able to commute door to door from Oliver Street Lofts to Washington D.C. in less than 70 minutes.

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Under Contract
Oliver Street Lofts
41 Units
405-417 Oliver Street
Baltimore, MD  21202
Type: Conventional
Posted: 5/28/2021

The Cushman & Wakefield Baltimore Multifamily Advisory Group is pleased to present the exclusive listing of the Canterbury Single-Family Portfolio. The Portfolio offers future ownership the rare opportunity to acquire 52 Single-Family Rentals which have been renovated to premium levels with highly coveted interior amenities. These features include in-unit washer/dryers, granite countertops, backsplashes, updated cabinets, stainless steel appliances, modern bathrooms and new hardwood floors and carpeting. All of the homes are lead-free, and feature new mechanicals and roofs, as future ownership will enjoy virtually no deferred maintenance.

Single-Family Rentals have emerged as one of the most attractive asset classes to both institutional and private investors, with high yields and robust resident demand. Nearly all of the residents receive Baltimore City Section 8 Vouchers, providing stable, guaranteed income, with consistent gradual rent increases. A large cluster of the units are within a short distance of Johns Hopkins University and Johns Hopkins Hospital, two of Baltimore's Largest Regional Employers.

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Under Contract
Canterbury Single-Family Rental Portfolio
52 Units
Various
Baltimore, MD  21214
Type: Single Family Rental
Posted: 7/28/2021

The Cushman & Wakefield Baltimore Multifamily Advisory Group is pleased to present the exclusive listing of The Meribeth Portfolio in Baltimore, MD. The 11 Building/ 22 Unit portfolio of residential duplexes are all located within a 2-3 minute walk of one another along three streets: Chinquapin Parkway, Meridene Drive, and MacBeth Drive, allowing for streamlined management operations and efficient economies of scale. The offering consists of exclusively 2 Bedroom/1 Bathroom Units, with 2 self-contained residences in each building. Standard unit finishes include white appliances, new wooden cabinets, vinyl wood floors, formica countertops, and distinct backsplashes. All but 1 one of the 11 buildings have basement washer/dryers, with each unit containing individual heating, cooling, and electric.

While current ownership has invested in both mechanical and in-unit renovations the opportunity exists for additional light upgrades leading to $100-$150 rent increases. Suggested improvements involve a modest refresh of appliances, cabinets, and the hallways, eliminating the rent delta of $800-$950 for monthly rents across the portfolio, and leasing all units at rates of $950-$1,000.

The Portfolio affords residents outstanding access to the top employers, higher education, dining, shopping, and entertainment destinations in the area. In addition to Baltimore County’s government offices and four major regional hospitals, which employ 12,000 physicians, nurses, and other professionals combined, residents can also easily access Towson University, Goucher College, and Morgan State University. Furthermore, the Portfolio is proximate to Towson Town Center, one of the largest indoor shopping malls in the region, the Trader Joe’s-anchored Shops at Kenilworth, and the new Towson Row development, which boasts a 45,000 square foot Whole Foods.

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Under Contract
Meribeth Portfolio
22 Units
Various
Baltimore, MD  21239
Type: Conventional
Posted: 8/9/2021