National MarketingInvestors looking for value-add opportunities are scooping up multifamily properties nationally and Transwestern’s Mid-Atlantic Multifamily Group is at the forefront of this trend. Recently, the team of Dean Sigmon, Robin Williams, Justin Shay and Michael D’Amelio arranged the sale of Watergate Pointe, a waterfront apartment community encompassing 608 units and 160 fixed docks at 655 Americana Drive in Annapolis, Maryland. Castle Lanterra Properties sold the asset to TPG Real Estate and The Bainbridge Companies for $154 million, or $253,290 per unit. Read more.
The team also recently sold Milford Station Apartments, a 200-unit property in Pikesville, Maryland. Real estate investment firm Blue Ocean sold the garden-style asset to GELFUND Real Estate Opportunities, a residential private equity fund, for $30 million.
