Quest Management Group has secured $75 million for the acquisition of The Worthington Apartments, a class B multifamily community located in a suburb of Baltimore
Located at 7900 Brookford Circle in Pikesville, Md., the Worthington is a 612-unit, three-story, garden-style apartment complex situated on 37.48 acres.
The community comprises 29 buildings, including 21 residential buildings, four garages, a clubhouse, a pool house, a guard shelter and a maintenance facility.
Located west of Baltimore City, the area offers access to Interstate 695 (the Baltimore Beltway) and major employment hubs in Owings Mills, Woodlawn and downtown Baltimore.
Walker & Dunlop Capital Markets Real Estate Finance arranged the 10-year, fixed-rate, nonrecourse acquisition financing with capital provided by the Agencies.
