Excelsa Properties Acquires Multifamily Asset In Downtown Columbia, MD

Excelsa Properties, represented by Jon Woods of Excelsa Properties, has acquired a multifamily property located at 5764 Stevens Forest Road in Downtown Columbia, MD. The property, sold by Morgan Properties, was brokered by Newmark.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $78,000,000
• Units: 325
• Price Per Unit (PPU): $240,000

This transaction highlights Excelsa Properties' acquisition of a sizable multifamily property investment in Downtown Columbia, MD. The property, consisting of 325 units, was sold for a total amount of $78,000,000, resulting in a price per unit of $240,000. The deal was facilitated by Newmark, representing both the buyer, Excelsa Properties, and the seller, Morgan Properties.