At the same time Home bought these two communities it sold five properties, including four in the Baltimore area. It sold Country Club Apartments with 150 units, Doubt Meadow Townhomes with 95 units, Laurel Pines Apartments with 236 units and Strawberry Hill Apartments with 145 units. The company also sold Riverdale Apartments with 580 units in Hampton, VA and Hamlet Court with 98 units in the company's hometown of Rochester. The price for all six properties was $50 million.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.