ODENTON, MD—Pantzer Properties has acquiredPhase II of Seven Oaks, a 264-unit apartmentbuilding here, for $47 million, a source tellsGlobeSt.com.

The seller was Fairfield Residential.

Seven Oaks is a dual-phase residential community very close toFort Meade. Constructed in 2000, it consists of 12 three-storygarden-style apartment buildings and a clubhouse.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.