facebook


Go ProSubmit a deal
Submit
Home

/

Deals

/

Maryland

/

Multifamily

/

Sale

/

3900 Blackburn Lane

Updated Oct 15, 2026

Donaldson Impact Investments And New York Life Acquire Country Place Apartments In Burtonsville For $62.65M
SOLDMultiFamily

Donaldson Impact Investments And New York Life Acquire Country Place Apartments In Burtonsville For $62.65M

3900 Blackburn Lane, 3900 Blackburn Lane, 3900 Blackburn Lane, 3900 Blackburn Lane, 3900 Blackburn Lane & 3900 Blackburn Lane

$62,650,000

Units

300

Asset Type

MultiFamily

Closing

Dec 23, 2024

About this deal

AI

The property asset involved in the transaction is a multifamily property located at 3900 Blackburn Lane in Burtonsville, MD. The transaction occurred on December 23, 2024, with a sale price of $62,650,000. The property spans 17 acres and consists of 300 units, resulting in a price per unit of $208,833. Approximately 55% of the units are capped at affordable rents, while the remainder is set at market rates.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $62,650,000
  • Address: 3900 Blackburn Lane
  • Market: Burtonsville, MD
  • Acres: 17
  • Units: 300
  • Price Per Unit: $208,833
  • Buyer: Donaldson Impact Investments, Affordable Homes & Communities, Declaration Partners & New York Life

A joint venture that includes Donaldson Impact Investments and New York Life was formed to acquire the property known as Country Place Apartments, which consists of over 300 units. This collaboration marks a significant acquisition by the involved parties, focusing on both market rate and affordable housing solutions.

On the Map

Open live map

$62,650,000

MultiFamily

View full map

Players

Cushman & Wakefield
Cushman & WakefieldBrokerage
Greystone
GreystoneBrokerage

Burtonsville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $208.8K per unit across 300 units on a published $62.7M (2024).

Browse Burtonsville multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets