Excelsa Properties Acquires MultiFamily Property In Laurel, MD For $105.5M | 7903 Orion Circle | MultiFamily | Sale

Summary

Sale

MARYLAND

MultiFamily

Excelsa Properties, through a partnership between its U.S. Real Estate II fund and a co-investment vehicle, has acquired Concord Park at Russett, a 335-unit multifamily property in Laurel, MD, for $105.5 million. The property, located at 7903 Orion Circle, is situated in the Laurel market.

Summary of transaction details

Property Type: MultiFamily
Transaction Amount: $105,500,000
Address: 7903 Orion Circle
Market: Laurel, MD

In this deal, Excelsa Properties, represented by David Fletcher, acquired the property from Starwood Capital Group. The transaction involved 335 units, with a per-unit price of approximately $314,925.

Details

Deal Summary

SOLD

IMAGE: David Fletcher DATE: 07/27/2023 ADDRESS: 7903 Orion Circle MARKET: Laurel, MD ASSET TYPE: MultiFamily BUYER: Excelsa Properties - David Fletcher SELLER: Starwood Capital Group SALE PRICE: $105,500,000 UNITS: 335 ~ PPU: $314,925 NOTE: Excelsa Properties, through a partnership between its U.S. Real Estate II fund and a co-investment vehicle, has acquired Concord Park at Russett, a 335-unit multifamily property in Laurel, MD, for $105.5 million.

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Address7903 Orion Circle

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