Real Asset Industries, Corten JV buys 106-unit, Gardens of Annapolis, in Maryland from Crow Holdings

10/23/2024

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Seniors Housing Business

• Subcategory: Capital Markets: Debt, MF: Market Rate, MF: Senior

• Tag: JV-Partnership | Sale

• Additional Filters-Subcategory: Capital Markets: Agency Loan, MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: Berkadia, Corten Real Estate Partners, Crow Holdings

Berkadia Seniors Housing & Healthcare has brokered the sale of Gardens of Annapolis, an active adult community located in the upscale coastal city of Annapolis. The brokerage firm also secured $17.4 million in acquisition financing through Fannie Mae on behalf of the buyer, a joint venture between Corten Real Estate and Real Asset Industries. The seller was Crow Holdings, a Texas-based real estate investment and development firm.