
The 370,436-square foot multifamily community, located along the dynamic Reisterstown Road corridor in Pikesville, is being offered as an open bid.
“The Residences at Waterstone is an excellent opportunity for an investor to purchase a best-in-class asset with a history of strong occupancies and steadily increasing revenues in a submarket with limited competition,” says Balthrope.

“Future demand drivers in the immediate area are expected to provide stable job growth, assuring job creation and strong housing demand for years to come,” concludes Firoozabadi. “The Residences at Waterstone offers investors long-term stability, strong rent growth potential and excellent value appreciation.”
Built in 2002 on 25 acres, the property is located at 225 Galvariun Court in Pikesville. Interstate 695, the corridor that allows direct access to Interstate 795, is one mile south of the property along Maryland State Route 140, Reisterstown Road.
The Interstate 695 corridor provides access to the Baltimore/Washington International Thurgood Marshall Airport and direct access into downtown Baltimore. Baltimore has a convenient and up-to-date subway system with two stations conveniently located in Pikesville.
The Residences at Waterstone features condominium-quality, individually parceled, townhome-style units. Each unit includes an attached garage and private entrance with select units offering wooded and park-like views.
Contact: Stacey Corso, Public Relations Manager, (925) 953-1716
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