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Harbor Stone Advisors Facilitates Sale of 310 Multifamily Units in Baltimore
Harbor Stone Advisors has arranged the sale of Oak Hill Apartments & Townhomes, a 310-unit property in Northeast Baltimore.
Harbor Stone Advisors President Justin Verner, Director Brooks Healy, Senior Advisor Tom Wohlgemuth, and Advisor Kevin Landolphi served as the exclusive advisors to the seller. The property, located at 2821 Mathews St., features a mix of efficiency, studio, one-, and two-bedroom units, as well as a leasing office and model unit.
The property also includes two on-site laundry facilities and surface parking lots. Former ownership completed numerous capital projects, including the replacement of HVAC systems, windows, and interior lighting, a parking area renovation and appliance replacement upon unit turnover.
“Harbor Stone Advisors is pleased to announce the successful sale of Oak Hill Apartments and Townhomes, a 310-unit garden apartment community in the Northeast section of Baltimore,” said Verner. “The buyer will seek to implement a programmatic value-add strategy moving ahead”.
