Transwestern’s Mid-Atlantic Multifamily Group, as exclusive agent, is pleased to present The Glen Burnie Apartment Collection, a three-property portfolio comprised of Gatewater Landing Apartments (263-units), Annabal Apartments (150-units), and the Glen Burnie Town Apartments (54-units),all located in Glen Burnie, MD.
This 467-unit multifamily portfolio offers investors a strong opportunity to acquire three well-maintained apartment communities conveniently located close to major employment centers that are positioned to exhibit revenue growth organically through lease renewals and turnover, continued in-unit renovations, and through the execution of several accretive upside opportunities:
- Current ownership has demonstrated the strong demand for renovated units at Gatewater Landing and Annabal which will allow new ownership the opportunity to continue renovating units with a strong return on investment
- Income growth through rent roll analysis suggests that there is potential to increase asking rents, while also realizing organic increases from lease renewal and turnover
- Several other income opportunities such as continued absorption of Utility Fee Income Reimbursements from tenants.
The Properties are being offered individually or collectively as a portfolio to allow new ownership to take advantage of management efficiencies and other economies of scale.