Admiral Place
Quantum Equities has acquired Admiral Place, a 410-unit, garden-style apartment community in the Washington, D.C., suburb of Morningside, Md., for $76 million. Transwestern facilitated the deal for the value-add investment property on behalf of the seller, AMAC. “This is a very well-located property that has been well maintained and provides an opportunity for the buyer to complete interior unit […]
Regency Pointe Acquisition
Suburban, Class-B apartments were a hot asset class before this year, and they have become even more appealing to investors during the coronavirus pandemic, with two Maryland properties trading hands over the last week. Transwestern brokered sales of the Montclair Apartment Homes property in Silver Spring and the Regency Pointe apartments in Forestville last week for a combined […]
Flats at Arrowood Acquisition
An investor new to Charlotte has acquired an apartment property in the Montclaire South area. Quantum Equities, a New York real estate investment, management and development firm, acquired The Flats at Arrowood for $33.5 million, according to Mecklenburg County real estate records. Blackfin Real Estate Investors out of Arlington, Virginia, sold the property, which includes […]
Glendale Acquisition
Greystone has provided a $68.8 million Fannie Mae DUS loan for the acquisition of The Glendale Apartments, a 486-unit community in Lanham, Md. The financing carries a 12-year fixed rate and 6 years of interest-only payments. Quantum Equities is the new owner of the property. Dan Sacks and Eric Rosenstock of Greystone’s New York office […]
