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LAUREL, MD-An affiliate of New York City-based Pantzer Properties has acquired its sixth apartment building in the region, principal Jason Pantzer tells GlobeSt.com. That is six and counting, as the firm intends to invest an additional $100 million in the area over the next eighteen months. “This is a great market with great fundamentals,” Pantzer says. 

This week, Panco Strategic Real Estate Fund I LP closed on the Point at Laurel Lakes, a 308-unit apartment building constructed in 1987. Formerly known as Marymont Apartments at Laurel Lakes, the property was owned by a fund managed by Eaton Vance. Pantzer declined to tell GlobeSt.com what the purchase price was other than the cap rate was north of 6%. HFF’s Dave Nachison, Alan Davis and J. Brenden Flood brokered the transaction. 

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