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| Halstead at Guilford, located along Charles Street between Johns Hopkins University and Loyola University, about three miles north of downtown Baltimore, MD |
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| David Nachison |
WASHINGTON, D.C. - HFF
announced today that it has closed the sale of Halstead at Guilford, a 234-unit, 14-story, high-rise multi-housing
community in Baltimore’s Guilford neighborhood.
HFF marketed the property
on behalf of the seller, The DSF Group.
Cornerstone Real Estate Advisers purchased the asset on behalf of a
Cornerstone-managed fund.
Halstead at Guilford is located along Charles Street
between Johns Hopkins University and Loyola University about three miles north
of downtown Baltimore.
Renovated in 2006, the property features one-, two- and
three-bedroom units averaging 1,147 square feet each. Residents also have access to a 3,000-square-foot fitness center
with separate yoga/pilates room, rooftop pool with barbeque grills, club room
with five televisions and billiards table, theatre room, library/business
center, gaming room, laundry center and gated pet park.
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| Alan Davis |
The HFF investment sales
team representing the seller was led by senior managing directors David
Nachison and Alan Davis, associate director Brenden Flood and senior real estate analyst Bret Thompson.
“Halstead at Guilford has
been transformed into the market-leading address for residents and the ‘gold
standard' for living in one of Baltimore’s most historically rich
neighborhoods,” said Nachison.
“Cornerstone’s investment
includes the opportunity to further improve performance in a best-of-class
building that actively serves students, faculty and staff from Johns Hopkins
University and the area’s discerning residents.”
Since 2000, the DSF Group
has invested more than $2 billion in five million square feet and has quietly
become one of the most successful private real estate investment firms in the
country.
With offices in Boston and Washington D.C., three decades of
experience and a track record unrivalled in the industry, the DSF Group offers
investors and communities the unique combination of expertise, vision and
hands-on involvement, in both converting and redeveloping existing properties
and in developing new properties from the ground up.
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| Brenden Flood |
Among numerous other
industry recognitions, DSF Group was selected by the National Association of
Home Builders (NAHB) as the 2011 Multifamily Development Firm of the Year. For more information, visit
www.thedsfgroup.com.
Cornerstone Real Estate
Advisers LLC, with subsidiary and affiliate offices in the U.S., UK, Europe,
and Asia, is one of the largest global real estate investment managers.
It provides core and value added investment and advisory services,
including a comprehensive suite of private and public real estate debt, equity
and securities expertise and services, to institutional and other qualified
investors around the globe. Cornerstone
is a member of the MassMutual Financial Group.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza,
Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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