BALTIMORE- Home Properties Inc., a New York-based apartment real estate investment trust, has bought Charleston Place, an 858-unit apartment complex in Ellicott City, for $103 million.
The apartment complex, which is almost 97% occupied, contains single- and double-bedroom apartments, which are rented out for $1,073 per month. The firm is planning to invest about $6.8 million into the building in order to repair kitchens and bathrooms, and perform other maintenance work to improve the property. For the full story, go to Baltimore Sun.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
