Home Properties, Inc. Acquires Baltimore-Area Property
21.09.11
"This object in the Mid-Atlantic region is immediately accretive to earnings, as were the other acquisitions completed this year, and offers gate-generating interior improvement opportunities, which will contribute to unborn value," said Edward J. Pettinella, President and CEO of Haven Properties.
The Apartments at Cambridge Court (544 units), located in the middle of White Marsh, Maryland, was purchased for $90.4 million in currency, which equates to approximately $166,000 per apartment unit. At closing, the quiddity was 90.8% occupied at monthly rents averaging $1,314. Simultaneous occupancy is 92.2%. Centrally situated in eastern Baltimore County, the quiddity has direct access to I-95, is two miles from I-695 (the Baltimore Beltway) and 10 miles from downtown Baltimore. It is in oppressive proximity to major employment centers and corporate campuses. It also is adjacent to the retail complex Deathly white Marsh Town Center, which contains five anchor stores and 190 specialty shops. The arena has seen a 21% population growth between the 2000 and 2010 census. The Apartments at Cambridge Court is well-positioned to capitalize on the success at nearby Aberdeen Proving Ground (APG) where 8,500 prodigal-paying jobs are slated for relocation as a result of Corrupt Realignment and Closure (BRAC) required by September, 2011. As a d of BRAC growth, defense contractors and supporting firms in tied up industries are expanding in the area.
Source: MarketWatch (press release)
398 Adelphi Street
13.09.11
This 2 Bedroom / 2 Bathroom Fort Greene Duplex apartment has been very tastefully renovated to take in a perfect combination of original details and modern amenities! It features a chicly restored decorative fireplace, an open
kitchen with Granite Counters and maker new
Stainless Steel Appliances, including a Dishwasher and Microwave, and oak floors. It was was
designed with r to detail and efficiency. There is a laundry room with a full-size
Washer and Dryer, as well as, three leviathan walk-in closets and additional storage. There is even a Private Patio that looks out into the garden. Ignite, water and hot water are included in the rent. Pets will be considered on a receptacle-by-case basis. You will have easy access to Fort Greene Reservation, BAM Cultural District, the Nets Stadium, as well as Dekalb Avenue and Fulton Road Cafes, Bars, and
Shops in Fort Greene and Clinton Hill. Even Outlook Heights amenities are just a few blocks away. Take your pick for Transportation -- C
household,
Source: New York Times (blog)
