(To read more on the multifamily market, click here.)
GREENBELT, MD-A joint venture comprised of the locally basedBozzuto Group and Fannie Mae has completed a $98-millionacquisition of a 1,188-unit multifamily portfolio. The portfolioincludes four garden-style properties. Shadyside Gardens (349units) and Forest Village (410 units) are located in Suitland, MD.Marlow Heights (172 units) and Marlow Plaza (257 units) are locatedin Temple Hills.
The seller was Stephen A. Goldberg Cos. Mike Muldowney and BillRoohan of CB Richard Ellis brokered the transaction. Maury Zanoffand Joe Donato of CBRE/Melody arranged financing through Hypo RealEstate International.
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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.
