
BALTIMORE-Home Properties Inc., a real estate investment trust based in Rochester, New York, has bought Apartments at Cambridge Court, an apartment complex consisting of 544 units in White Marsh, for $90.4 million. The complex, located beside White Marsh Town Center, comprises 2 four-story buildings and 18 three-story buildings.
The sales price breaks down to approximately $166,000 per apartment. The apartment community, constructed in 1999, is presently 92.2% occupied. The REIT did not reveal the seller of the property. For the full story, go to Baltimore Business Journal .
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