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$199M Financing for 11-Property Maryland Portfolio
CBRE Capital Markets’ Debt & Structured Finance team arranged a $199 million loan on behalf of San Diego-based Strata Equity Group for its purchase of an 11-property apartment portfolio. All 1,731 units are located within a master-planned community of St. Charles, MD, 13 miles from the Washington DC Beltway.
CBRE’s Bill Chiles, Scott Peterson and Brian Cruz, along with David Webb and Maxi Thiels Leachman, secured the aggressively priced 12-year, interest-only loans with Fannie Mae. CBRE’s Mike Muldowney and Michael Rudolph represented the seller, DC-based Federal Capital Partners.
Peterson says, “The portfolio is a unique opportunity to purchase 11 assets of varying ages and class in one submarket. The purchase allows Strata to materially expand its presence into a new geographic market, as well as take advantage of best in market loan terms given such great economies of scale.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


