(To read more on the multifamily market, click here.)
BALTIMORE-Hampton House LLC, a local developer, has sold a202-unit multifamily property here in an off-market transaction foran undisclosed. The buyer, Boston-based Berkshire PropertyAdvisors, acquired the 13-story, class B community as a value-addplay.
The more than 200 units will add to the 7,000 to 10,000 units italready owns in Maryland. Located at 204 E. Joppa Rd., the propertyis 100% occupied but could use upgrading. Hampton owned theproperty since it was built 35 years ago.
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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.
