Wednesday, July 17, 2013

HFF closes sale of Class A multi-housing community in Odenton, MD


The Haven at Odenton Gateway Apartments
Odenton, MD

David Nachison
WASHINGTON, D.C. – HFF announced today that it has closed the sale of The Haven at Odenton Gateway, a 252-unit, Class A, garden-style multi-housing community in Odenton, Maryland.

HFF marketed the property on behalf of the seller, Johnson Development Associates, Inc.  AEW Capital Management, LP purchased the asset free and clear of existing debt on the property.

The Haven at Odenton Gateway is located 615 Carlton Otto Lane providing immediate access to Fort Meade as well as major commuter arteries in the Baltimore-Washington Corridor including Maryland Route 32, Interstate 95, Interstate 97 and the Baltimore-Washington Parkway. 

Alan Davis
Completed in 2012, the property includes one-, two- and three-bedroom units averaging 1,031 square feet each. 

Community amenities include a resort-style saltwater pool, poolside cabana equipped with fireplace and big-screen television, fitness center, private theatre room, conference room, clubhouse with coffee bar and gourmet kitchen, dog run and car care center.

                The HFF team representing the seller was led by senior managing directors David Nachison and Alan Davis and director Brenden Flood.

Brenden Flood
“The recent large-scale relocation effort by the Department of Defense to Fort Meade, which is less than a 10 minute drive from the property, will only help to further ensure the long-term success of this well-located, luxury community solidifying the strength of this investment,” commented Davis.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com


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