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

Property Image
SOLD
$37,200,000

Maryland

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MultiFamily
Sold 02/23/2026
the dealdetailscomps
Property Image
SOLD

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

1827 Hidden Dale Road

See Similar Deals
MultiFamily
Sold 02/23/2026
the dealdetailscomps

Summary

MARYLAND
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

St. John Properties
St. John Properties
BUYER
Lennar
Lennar
SELLER

Details

SOLD
IMAGE: 02/23/2026 ADDRESS: 1827 Hidden Dale Rd MARKET: Baltimore, MD ASSET TYPE: MultiFamily BUYER: St. John Properties SELLER: Lennar SALE PRICE: $37,200,000 UNITS: 111 ~ PPU: $335,135 NOTE: St. John Properties partnered with Somerset Cos. to acquire The Villas at Patapsco Glen, a 111-unit BTR community in Windsor Mill, Md., for $37.2M from Lennar. The deal marks St. John’s entry into the BTR market, with the asset trading at $335,135 per unit, below the 2024 Baltimore average of over $550,000.

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