Cantor Fitzgerald sells mid-rise apartment community in Maryland

A joint venture between a subsidiary of Cantor Fitzgerald Investors and Hamilton Zanze & Co. announced the sale of The Quarters at Towson Town Center in Towson, Maryland.

Cantor Fitzgerald, a sponsor of 1031 tax-deferred exchange investments, facilitated the sale on behalf of one of its 1031 exchange/Delaware statutory trust investment programs.

Located at 900 and 960 Southerly Road, The Quarters at Towson Town Center is a 430-unit, class-A, mid-rise apartment community with high-quality finishes and large floor plans. Built in 2009 and renovated in 2019, the property features community amenities including two club rooms, two fitness centers, a swimming pool, a business center, and structured parking. The property is in central Towson near two highways that provide excellent access to local and regional areas of interest in and around greater Baltimore.

“Since purchasing the property in August 2018, we implemented proactive asset management and completed v