Cushman & Wakefield and Greystone Close Sale and Financing of Maryland Multifamily Property

Core Insights - Greystone and Cushman & Wakefield facilitated the acquisition financing and sale of Country Place Apartments, a 312-unit multifamily property in Burtonsville, Maryland, for $62.5 million [1][2]. Group 1: Transaction Details - The transaction involved a $62.5 million sale price, with Greystone providing a $40.7 million, 7-year Freddie Mac Optigo® loan for financing [2]. - The property features amenities such as an outdoor pool, fitness center, landscaped exercise paths, on-site dog park, playground, Tech Bar, and car care center [3]. Group 2: Strategic Insights - The purchase utilized a buy-right PILOT structure to maintain affordability for residents, demonstrating effective sales execution in a changing investor landscape [4]. - The collaboration between Greystone and Cushman & Wakefield offers clients comprehensive solutions for property investment needs [5]. Group 3: Company Profiles - Cushman & Wakefield is a global commercial real estate services firm with approximately 52,000 employees and reported revenue of $9.5 billion in 2023 [6]. - Greystone is recognized as a leader in multifamily and healthcare finance, ranking as a top lender with various government-backed entities [7].