NEW INVESTMENT IN BALTIMORE-AREA LUXURY APARTMENTS
We are pleased to announce DCA's latest close with
Hamilton Zanze: The Residences at Waterstone. The 255-unit luxury apartment complex was built in 2002 and features large floorplans averaging 1,400 square feet, Class A, resort-style amenities, and excellent proximity to some of Baltimore’s most notable employers and lifestyle amenities. The property is located in the desirable Owings Mills/Pikesville/Randallstown submarket, which is home to many medical professionals and world-class educational institutions.
The property boasts amenities such as a movie theater, tennis courts, pool, fitness center, and co-working lounge. DCA’s partner will continue the seller’s proven value-add programmatic repositioning of the property, which includes in-unit improvements and general building repairs.
Some of the area’s major employers include T Rowe Price, Lockheed Martin, and a number of major hospital employers including Greater Baltimore Medical Center and Johns Hopkins. The suburbs of Baltimore continue to see growth, which is most recently evidenced by the master plan redevelopment of Owings Mill Metro Center, which offers office space, lifestyle amenities and eateries, apartment units, and a Marriot Hotel. The submarket caters to residents seeking a suburban lifestyle with city-similar attractions and ease of access to the greater Baltimore area.