Carter Funds Acquires 324-unit Multifamily Property In Owings Mills, MD For $92.9M

An multifamily property located at 4700 Riverstone Dr in Owings Mills, MD has been sold for a total price of $92,900,000. The property consists of 324 units, resulting in a price per unit of $286,396. The transaction took place on July 18, 2022.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $92,900,000
• Units: 324
• Price per Unit: $286,396

The buyer of the property was Carter Funds, while the seller was Continental Realty Corporation. The deal was facilitated by Christine Espenshade and Robert Garrish from the Newmark agency.