Transwestern Commercial Services announced that its Institutional Multifamily Group recently brokered the sale of Regatta Bay Apartments in Annapolis, Md.
The value of the transaction was $49 million.
Regatta Bay Apartments is a 245-unit community that features a clubhouse with fireplace, swimming pool, hot tub, fitness center, business center and conference room.
Donatelli & Klein Inc., a privately owned corporation, sold the property to Stellar Advisors, which plans to convert the property to condominiums, according to a press statement.
***
What’s your opinion? Send your Letter to the Editor to opinion@inman.com.
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!