Charter Hall Ventures Acquires Salisbury 168-Unit Community for $25M
Property investment management company Charter Hall Ventures has acquired The Greens at Schumaker Pond, a 168-unit garden-style multifamily property located in Salisbury, MD, for $24.5.million.
Drew White and Carter Wood of Berkadia represented the seller, The Benchmark Group. Patrick McGlohn, Miles Drinkwalter and Natalie Revers, also of Berkadia, secured $14.6 million in permanent acquisition financing on behalf of Charter Hall Ventures. The 12-year loan was financed through Fannie Mae.
The Greens at Schumaker Pond is located at 701 College Lane and features one-, two- and three-bedroom floor plans. Community amenities include a swimming pool, a fitness center and a picnic area. The property is proximate to Salisbury University and the shops and restaurants near Snow Hill Road.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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