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Castle Lanterra Sells Maryland Community for $154M

Transwestern arranged the sale of the 608-unit Annapolis property. ....

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CLP sells 608-unit apartment community for $154M

CLP acquired the 21-building Watergate Village in Annapolis, MD, for $105 million in 2015. ....

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COVID-19 forces Staples art classes to alter midterms

As with many things both inside and out of Staples, art classes are running a bit differently this year. Everything from chorus to painting and graphic design have had to make adjustments for our hybrid schedule and students who are fully remote. This change extends to the midterms and finals of these courses.
Carla Eichler, a teacher for Graphic Design 1 and 2, stated that these classes typically have a digital portfolio as well as a written reflection. Instead, this year, they will have a smaller sharing activity.
“Of course I would prefer to have the students create the web portfolio, but due to the time limitations of the current schedule the class time is better spent on art creation,” Eichler said. ....

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2 Maryland Apartment Properties Sell As Investors Pile Into Suburban, Class-B Segment

Courtesy of Transwestern
The Regency Pointe Apartments in Forestville, Maryland
Transwestern brokered sales of the Montclair Apartment Homes property in Silver Spring and the Regency Pointe apartments in Forestville last week for a combined $139M,
Bisnow can first report.
Turner Impact Capital sold the 599-unit Regency Pointe property to Quantum Equities for $80M. The garden-style apartment community sits at 3253 Walters Lane in Forestville, roughly a mile inside the Beltway in Prince George s County.
LCOR and Ares Management sold the 256-unit Montclair Apartment Homes property to Priderock Capital Partners for $58.7M. The property at 3525 Sheffield Manor Terrace is in northern Silver Spring, near the interchange of Columbia Pike and Route 200. ....

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