AvalonBay Nabs Maryland MF from Trammell Crow for $83M

Arlington, VA-based AvalonBay Communities, Inc. acquired Alexan Concorde, a 310-unit, Class A luxury apartment community in Linthicum Heights, MD. The multifamily asset was sold for $83 million by a joint venture between Trammell Crow Residential and an affiliate of Western & Southern Financial Group.

Located at 811 Concorde Circle, the community is less than a mile from the Baltimore-Washington Parkway (Highway 295) and adjacent to Baltimore-Washington International (BWI) Airport. The 11.4-acre property is in a quiet wooded neighborhood setting, yet accessible to more than 36.5 million square feet of office space within 10 minutes. Completed in 2016, the Alexan Concorde’s five elevator-serviced buildings house a mix of studio, one, two and three-bedroom units.

HFF’s Walter Coker and Brian Crivella marketed the property exclusively on behalf of the seller, and procured the buyer. Western & Southern Financial Group was represented by its subsidiary, Eagle Realty Group.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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AvalonBay Nabs Maryland MF from Trammell Crow for $83M

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National CRE News In Your Inbox.

AvalonBay Nabs Maryland MF from Trammell Crow for $83M

Inside The Story

About Dennis Kaiser