RailField Partners And L&M Development Partners Acquire Multifamily Property On Hampshire Drive In Frederick For $24M

The multifamily property at 1369 Hampshire Drive in Frederick, MD has been sold for a total price of $24,000,000. The property consists of 113 units, resulting in a per unit price of $212,389. The sale was completed on January 20, 2023.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $24,000,000
• Address: 1369 Hampshire Drive, Frederick, MD
• Units: 113
• Price Per Unit: $212,389

The buyers of the property were RailField Partners, represented by Jon Siegel, and L+M Development Partners. The sellers were KB Companies. Fletcher Hultman from Greysteel served as the broker in this transaction.