Olivetree Management has acquired a two-property, 344-unit multifamily portfolio located in Maryland for $73.5 million. To support the acquisition, Greystone provided Fannie Mae Delegated Underwriting and Servicing (DUS) loans totaling $57 million. The financing was arranged by Greystone's Dan Sacks and Alex Basile.
The properties are located in the Columbia suburb of Baltimore and are currently 94% occupied.
Cushman & Wakefield's Jorge Rosa and Anthony Liberto advised Olivetree Management on the sale of the properties.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
