St. John Properties Acquires 111-Unit BTR Community In Windsor Mill For $37.2M From Lennar

1827 Hidden Dale Rd is a multi-family property located in Baltimore, MD. The asset encompasses 111 units and was sold for $37,200,000, resulting in a price per unit of $335,135. This sale price is notably below the 2024 Baltimore average of over $550,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $37,200,000
• Units: 111
• Price Per Unit: $335,135
• Buyer: St. John Properties
• Seller: Lennar

The transaction was notable as St. John Properties partnered with Somerset Cos. to acquire The Villas at Patapsco Glen, marking their entry into the Build-to-Rent (BTR) market.