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Cushman & Wakefield, Greystone Close Sale, Financing of Maryland MF
Greystone and Cushman & Wakefield jointly provided acquisition financing for, and arranged the sale of, respectively, Country Place Apartments, a 312-unit multifamily property in Burtonsville, Maryland.
Cushman & Wakefield’s Anthony “TJ” Liberto, Managing Director, and Jorge Rosa, Executive Managing Director, represented the seller in the $62.5 million transaction. “Country Place was purchased in a very creative structure utilizing a buy-right PILOT afforded to buyers in Montgomery County to maintain affordability for residents,” said Rosa. “Our sales execution in an everchanging investor landscape shows that attractive debt and pricing is attainable.”
Country Place Apartments features amenities, including an outdoor pool, fitness center, on-site dog park, and a playground. Alex Basile, an Executive Director at both Greystone and Cushman & Wakefield, originated a $40.7 million, 7-year Freddie Mac Optigo loan to finance the acquisition. “Greystone’s collaboration with Cushman & Wakefield enables our clients to benefit from end-to-end solutions for all of their property investment needs,” said Basile.
