20A — December 2024 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
www.marej.com
O wners , D evelopers & M anagers
Specialty build-to-rent team, led by Azarbarzin, represents seller in major transaction Northmarq completes $54M sale of 97-unit, build-to-rent community in Laurel, MD L AUREL, MD — A Northmarq specialty Build-to-Rent team led
“Build-to-rent acquisition opportunities remain scarce within the DC-Baltimore area and the greater Mid-Atlantic region at this time,” said Az - arbarzin. “The offering com - manded significant investor in - terest because of the property’s superior construction, luxury townhome features, and ideal location just off I-95.” Built in 2023, The Current at Watershed offers three- story, three-bedroom town - homes with an average home size of 1,407 s/f. The property is situated within daily com- muting distance of Baltimore,
MCB Real Estate, The Hampshire Cos. & Reveille Grounds partner to provide free groceries to military families Units are outfitted with spa - cious split-level floorplans, one- or two-car garages, and premium interior finishes in - cluding quartz countertops, stainless steel Energy Star appliances and luxury vinyl wood plank flooring. The LEED Gold-certified community of - fers residents a pool, club - house, pickleball court, fitness center, and dynamic trails and outdoor space. MAREJ MCB Real Estate partners provide free groceries to military families. BALTIMORE, MD — MCB Real Estate, The Hampshire Companies and Reveille Grounds have teamed to- gether to address food insecu- rity issues facing veterans and active-duty families through- out the greater Baltimore metropolitan area. The group packaged more than 260 bags of grocery items, which are projected to support 500 local individuals, in a coordinated event on Veterans Day. In ad - dition to the sponsor organiza - tions, the Community Impact project called “Nourish the Ser- vice” received financial support from Blue Star Families and the Tower Cares Foundation, France Merrick, and individual contributors. Klein ShopRite at Parkville provided a discount on all the food purchased for the grocery bags. MAREJ Washington and Annapolis. “The build-to-rent asset class continues to grow,” Az - arbarzin added. “These units appeal to residents who seek a luxury rental experience that mirrors that of a suburban starter home —enhanced by added convenience and flex - ibility. Investors are drawn by the high renewal rates and the opportunity to serve renters who typically earn well above an area’s median income.”
by Ari Azar- barzin has completed the $54 mil- lion sale of The Current at Water- shed, a 97- unit build- to-rent com-
Ari Azarbarzin
munity located at 3101 Runnel Lane in Laurel. The Anne Arundel County site is 19 miles south of downtown Baltimore. Northmarq represented
The Current at Watershed
the seller in the transac- tion. The team also included Chris Doerr, Jack Bro-
cato, Will Harvey, Shack Stanwick, Wallace Halp- ert and Anthony Pino .
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