Greystone and Cushman & Wakefield have collaborated to provide acquisition financing and arrange the sale of Country Place Apartments, a 312-unit multifamily property located in Burtonsville, Maryland.
In this transaction, Cushman & Wakefield’s Anthony “TJ” Liberto, Managing Director, and Jorge Rosa, Executive Managing Director, represented the seller, resulting in a $62.5 million deal. Rosa highlighted the creative structure of the purchase, which utilized a buy-right PILOT available to buyers in Montgomery County to maintain affordability for residents. He also emphasized the achievement of attractive debt and pricing in a dynamic investor landscape.
Country Place Apartments offers various amenities, including an outdoor pool, fitness center, on-site dog park, and a playground. To finance the acquisition, Alex Basile, an Executive Director at both Greystone and Cushman & Wakefield, facilitated a $40.7 million, 7-year Freddie Mac Optigo loan. Basile emphasized the benefits of Greystone and Cushman & Wakefield’s collaboration, providing clients with comprehensive solutions for their property investment needs.
