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Cushman & Wakefield and Greystone Close Sale and Financing of Two Maryland Multifamily Properties
Cushman & WakefieldCushman & Wakefield(US:CWK) GlobeNewswire News Room·2024-07-26 15:49

Core Insights - Greystone and Cushman & Wakefield collaborated to provide acquisition financing and arrange the sale of a 344-unit multifamily portfolio in Maryland [1][2] Group 1: Transaction Details - The properties were acquired for approximately $73.5 million and financed with Fannie Mae loans totaling $57 million [3] - The communities, Columbia Apartments and Town Center Apartments, have a 94% occupancy rate in the desirable Columbia suburb of Baltimore, Maryland [3] Group 2: Company Profiles - Greystone is recognized as a leader in multifamily and healthcare finance, ranking as a top lender for FHA, Fannie Mae, and Freddie Mac [4] - Cushman & Wakefield, with around 52,000 employees in nearly 400 offices across 60 countries, reported revenue of $9.5 billion in 2023 from its core services [6]