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Hirschfeld, Starwood Acquire 3,192-Unit Portfolio

BALTIMORE-The joint venture will be investing $10 million in renovations across the five-asset portfolio.

By Erika Morphy | Updated on February 15, 2007

(To read more on the multifamily market, click here.)

BALTIMORE-A joint venture between Hirschfeld Properties LLC of West Hartford, CT, and Greenwich, CT-based Starwood Capital Group Global LLC has acquired a 3,192-unit multifamily portfolio in Maryland for an undisclosed price. The seller is a joint venture of Morgan Stanley, Onex Real Estate Partners, which has offices in Toronto and New York City, and Sawyer Realty Holdings, which has offices in offices in Massachusetts, Maryland and Georgia.

CBRE’s Baltimore office represented the seller. The five-asset portfolio is located throughout suburban Baltimore: two are in the city; the others in Ellicott City, Cockeysville and Laurel.

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