Greystone and Cushman & Wakefield have jointly announced their involvement in the acquisition financing and sale of a two-property multifamily portfolio in Maryland. The properties, Columbia Apartments and Town Center Apartments, were acquired for approximately $73.5 million with Fannie Mae loans totaling $57 million.
The financing was provided by Greystone’s Senior Managing Director Dan Sacks and Executive Director Alex Basile on behalf of Olivetree Management. Meanwhile, Jorge Rosa and Anthony Liberto from Cushman & Wakefield advised on the sale of the properties.
Located in Baltimore’s high-growth suburb of Columbia, both communities boast an impressive 94% occupancy rate. According to Mr.Sacks, this transaction is a result of collaboration between their teams as they worked together to secure repeat clients for Greystone while also providing acquisition financing with guidance from Cushman & Wakefield during the sale process.
