Excelsa Properties Acquires MultiFamily Property In Laurel, MD For $105.5M

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.