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.
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