The Rosemont Towson multifamily property features 828 apartment units. The Rosemont Towson multifamily property features 828 apartment units.

TOWSON, MD—A joint venture of New York City-based Hirschfeld Properties LLC and PCCP, LLC has purchased the 828-unit Rosemont Towson multifamily property here.

While no purchase price for the multifamily property located 14 miles from Downtown Baltimore was revealed, Jeffrey Hirschfeld, chairman and CEO of Hirschfeld Properties reports that TH Real Estate, an affiliate of TIAA, provided debt financing of $110 million, which was arranged jointly by the New York City and Washington, DC offices of CBRE Capital Markets. PCCP has offices in New York, San Francisco and Los Angeles and has more than $6.5 billion in assets under management on behalf of institutional investors.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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