INVESTMENT HIGHLIGHTS

Unique Opportunity to Acquire a Portfolio of 3 Townhome Communities in NW Baltimore City

• Unit mix consists of (19) 1 Br-1 Ba apartments, (169) 2 Br-1 Ba townhomes, (11) 3 Br-1 Ba townhomes, and  (1) leasing office
• Typical unit features consist of white appliances, laminate countertops, wood cabinets, and LVT/vinyl/laminate flooring
• All three communities have surface parking lots

Ability to Substantially Increase Rents With or Without Renovations

• Opportunity exists for a new owner to renovate all of the units with a suggested scope of stainless steel appliances, resurfaced countertops, LVT flooring, and in-unit washer/dryers
• Comparable properties nearby are currently achieving rents at least $350 higher on average than the Subject property
• Other value-add opportunities include leasing to more voucher tenants to achieve higher rents and certainty of income, convert the leasing office to a rentable unit, and improve operations via normalizing expenses

The R.E.D. Townhome Portfolio is situated in Suburban Northwest Baltimore City, conveniently located near some of the state’s top employers and universities, including Sinai Hospital, Loyola University Maryland, and Coppin State University. Residents have easy access to nearby attractions such as Forest Park Golf Course, one of Baltimore City’s premier public golf courses, the Maryland Zoo, Pimlico Race Track, and the Cylburn Arboretum.

Several higher education institutions are close by, including Coppin State University, with 2,006 students, Loyola University Maryland, with 1,360 students, and Baltimore City Community College, serving 7,160 students. Additionally, Johns Hopkins University’s undergraduate campus is just a short drive from The R.E.D. Townhome Portfolio. As the city’s largest employer, Johns Hopkins University employs over 25,000 people and is home to more than 7,000 undergraduates and nearly 2,000 graduate students.

Other major employers nearby include Sinai Hospital, part of the LifeBridge Health system, one of the area’s largest hospitals. Sinai Hospital employs over 5,300 staff members, including medical professionals, nurses, and administrative and support personnel.

Significant development is underway in the surrounding neighborhoods, including the $25 million redevelopment of Mondawmin Mall, known as The Village at Mondawmin. This project, led by Whiting-Turner Contracting Company, is transforming the former Target building into a 122,000-square-foot community hub. Tenants include CareFirst BlueCross BlueShield, which will offer wellness activities and workforce training, and the University of Maryland, which will provide healthcare services.

Located less than a 10-minute drive from Downtown Baltimore, the R.E.D. Townhome Portfolio provides convenient access to public transportation. Several city bus stops are directly accessible, and the nearest Metro station is just a 5-minute drive away. The property also offers easy access to major highways, including I-695, I-70, and I-83.