The Townes at Harvest, an 87- unit rental townhome community located just outside of Baltimore in Reisterstown, Maryland. Delivered in 2005, the Property was built to condominium-grade quality and features spacious two and three-bedroom townhome units with private garages.Continue reading
Siena Luxury Residences just celebrated the Grand Opening of their new clubhouse and 7 additional buildings on Thursday, November 14! The team worked tirelessly for many months to ensure that everything turned out perfectly for this event. Take a look at the Siena Facebook Page and look through all the pictures from the event. Help us congratulate #TeamSiena!
Cove Property Management announces the acquisition of The Morgan, a 127-unit apartment community in North Bethesda. This community is adding to our growing portfolio of properties managed in the Baltimore-Washington, DC metro area. All 127 apartments at The Morgan are two-bedroom units with an average size over 1,100 square feet, while 43 units feature a den and/or loft. With both attached and detached garages on property, there are plenty of additional storage for residents to take advantage of. Continue reading
Overlook at Woodholme, a 147-unit luxury multifamily mid-rise building located in the highly desirable submarket of Pikesville, MD. The property was originally developed as condominiums with large, high-end designs and finishes. The true “home” living experience is further complimented by a wide-range of Continue reading
The 178-unit complex sold for $31,293,200 or $176,366 per unit, according to public record documents.
Originally constructed in in 1966, the rental property consists of one-bedroom/one-bath units to four-bedroom/two-bath units, with sizes ranging being between 780 to 1621 square feet.
At the time of sale the property was approximately 88% occupied. The buyers foresee opportunities to add value through upgrades and filling vacancies. With the acquisition of Spa Cove Apartments, Cove Property Management continues to expand its portfolio of managed multifamily properties in Maryland and New Jersey.
William Roohan and Martha Hastings of CBRE represented the seller in the deal.