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Single-family rental homes in Baltimore, MD

Riparian Capital Partners Secures $55M for Two SFR Portfolios in Baltimore

Chevy Chase, MD-based Riparian Capital Partners has secured $54.7 million in financing for two portfolios encompassing 461 single-family rental units in Baltimore, MD.

The financing was arranged by Eastern Union’s David Merkin and provided through Roc Capital. Both the acquisition and the refinancing carried five-year terms.

According to Riparian, the underlying portfolios (acquired in October 2020 and December 2021 with representation from Ari Azarbarzin of Cushman & Wakefield) are located in long-term, stable workforce communities in Baltimore with a focus on renters utilizing Section 8 and similar voucher programs.

“Single-family rentals have emerged as one of the fastest-growing asset categories in today’s commercial real estate marketplace,” said Kristoffer Garin, principal and CEO of Riparian Capital Partners. “However, to date, capital allocators in the sector have overwhelmingly focused on higher-end locations and newer properties, making the workforce housing segment a compelling opportunity for operators with the capabilities and resources to capture higher yields while delivering an institutional-grade execution.”


Inside The Story

Riparian Capital Partners' Garin

About Lisa McDuffie

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.

  • ◦Sale/Acquisition
  • ◦Financing