ELLICOTT CITY, MD-Rochester, New York-based Home Properties Inc. has paid $186 million for an apartment complex in Ellicott City. The Howard Crossing community, which comprises 1,350 units, is situated along Town and Country Boulevard.
The property was 92.6% occupied at closing. It contains two pools, a fitness center, business center, tennis courts and basketball courts, as well as two commercial buildings totaling 14,400 square feet. Home Properties is planning to spend $12 million in the first three years to upgrade the units and exteriors. For the full story, go to Baltimore Business Journal .
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