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Mount Vernon
184-Units
Alexandria, VA
Unpriced
UNDER CONTRACT
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South View Townhomes
96 Townhomes
Hagerstown, MD
UNDER CONTRACT
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Brookemeade
120-Units
Hagerstown, MD
Offering Price: Unpriced |
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Yale Village
210-units
Rockville, MD
Sold Price: $49,500,000 |
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Brooklawn
86-Units + 68 Developable
Frederick, MD
Offering Price: $9,000,000
Land Price: $1,000,000
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The Hanover
320 Apartments
Greenbelt, MD
CLOSED - SEPT 2010
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The Dumont
559-units
Washington, DC
CLOSED - APR 2010 |
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Chesapeake
184-units
Dumfries, VA
CLOSED - OCT 2009 |
ADDITIONAL OPPORTUNITIES
We are currently involved with a number of Exclusive Listings which are not available through our website. Please contact Allen Manesh at 301-299-4000 to discuss.
Email Allen
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RECENT NEWS |
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December 2010 - The Reserve at Stonegate |
Back to Recent News Page |
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IDEAL REALTY GROUP announces the sale of The Reserve at Stonegate, a 220-unit class “A” garden-style rental community in Woodlawn, Baltimore County Maryland
Potomac, Maryland – Ideal Realty Group announces the sale of The Reserve at Stonegate, a 220-unit class “A” garden-style rental community in Woodlawn, Maryland for an undisclosed amount.
Built in 2005, The Reserve consists of three-story garden style buildings on 21.22 acres with average unit size of 988 square feet. The buildings consist of controlled access entry, carpeted and heated common areas with mail centers and freshly painted stairwells with chair railings. The property offers a wealth of open space including clubhouse with fitness center, business services, video library, playground, pet walking areas and pool with sundeck. In unit amenities include stackable washer and dryer, white GE appliances to include spacemaker microwave, icemaker in refrigerator, ceilings fans in separate dining area, breakfast bar for kitchen, large closet areas, six panel doors, full sprinkler systems and either patio or balcony.
The Seller was an entity controlled by the New Jersey-based Empire Group.
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The Purchaser consists of a group of investors that include the Rockville, Maryland-based Stellar Advisors. At the time of the closing, the property had a vacancy rate of above 10%.
Allen Manesh, President of Ideal Realty Group was the team leader for this transaction. Although the transaction took a while to close, Ideal Realty worked closely with both the buyer and the lender to bring about a successful transaction.
Ideal Realty Group, based in Potomac, Maryland, specializes in multifamily sales in the Mid-Atlantic area with a strong concentration in the Greater Washington, DC and the Greater Baltimore, Maryland regions.
For more information on Ideal Realty Group visit www.idealrealty.com
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