The RiverOak NYC fund in about four years purchased multi-family and mixed-use properties in Brooklyn and Manhattan including a multi-family portfolio in Harlem, an office condominium at 77 Bowery and inclusionary housing projects at 321 East 60th St. and 316 East 91st St.

“Foreign investors like the mitigated risk associated with Baltimore and the fact that they are able to get more yield here than in Washington, DC.”

GlobeSt.com caught up with Alan Thomes, who runs small business lending at Atlanta-based State Bank & Trust, to get thoughts in this exclusive interview.

The transaction represents the largest portfolio of industrial real estate that has traded in Northeastern Pennsylvania in several years, according to Gerard J. Blinebury, executive director with Cushman & Wakefield's Industrial Advisory Group