OneWall Communities continues to expand workforce housing portfolio rew-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rew-online.com Daily Mail and Mail on Sunday newspapers.
Stamford, CT-based OneWall Partners has acquired two suburban multifamily communities in separate deals totaling nearly $100 million.
It has bought the newly rebranded Hopkins Point (pictured top), formerly Whispering Woods, a suburban Baltimore rental property for $66 million from the Kushner Cos. The 39-acre property is 98 percent occupied and consists of 524 market-rate townhomes.
Oak Grove Apartments
And it has acquired Oak Grove Apartments & Townhomes, also
in suburban Baltimore, for $32.5 million from Morgan Properties, the nation’s
largest private multifamily housing owner. The 17-acre property is 94
percent-occupied and consists of 22 market-rate apartment buildings with 259
apartments, plus 88 townhomes.
The acquisition of Hopkins Point is the firm’s first