Syndicated Equities Sells Walker House Apartments

Syndicated Equities is pleased to announce the sale of a 212-unit apartment community located in Gaithersburg, Maryland.

Syndicated Equities recently completed the sale of the Walker House apartments, a 212-unit apartment community located at 18700 Walkers Choice Road Gaithersburg, Maryland on March 28, 2022. The property consists of 16 garden-style units and a 196-unit high rise. Syndicated acquired the property in May of 2018 in a joint venture with Urban Investment Partners, a long-standing Washington, DC based owner, developer, and operator of multifamily properties. After executing on its value-add improvement plan, Syndicated and Urban Investment Partners sold the property, which resulted in an equity multiple of 1.6x and a 13.61% internal rate of return for Syndicated’s investors.

Syndicated Equities provides accredited investors and family offices with institutional quality, commercial real estate investments. Since 1986, the firm has developed an expertise in co-investment ownership, net lease brokerage services, global real estate opportunity funds, and more recently, qualified opportunity zones. To date, Syndicated Equities has made over 100 investments representing over $500 million of equity and $2 billion of total asset value.

For more information please call (312) 640-9020

ByKatie Donovan
May 19, 2022