Sentinel Real Estate Corp Acquires Rockwell At Crown Multifamily Property For $317 Million

The asset involved in this transaction is a multifamily property located at 800 Rockwell Avenue in Gaithersburg, MD. The property features a total of 411 units and was sold for a price of $317,000,000, resulting in a price per unit of $771,290.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $317,000,000
• Buyer: Sentinel Real Estate Corp
• Units: 411
• PPU: $771,290

Sentinel Real Estate Corp. was the buyer in this transaction, acquiring two multifamily properties in the DMV area, which include Rockwell at Crown and Brentford at the Mile. The two properties have luxury amenities, such as pools, fitness centers, retail spaces, and a residents-only podcast studio featured at Rockwell.