CONTINENTAL REALTY ACQUIRES TWO MARYLAND APARTMENT PROPERTIES FOR $58.3M

by admin

WHITE MARSH, MD. — Baltimore-based Continental Realty Corp. has purchased two apartment communities in the White Marsh section of Baltimore County for a combined $58.3 million. On behalf of CRC Fund III LP, Continental Realty purchased Lincoln Woods and Quail Ridge from Henderson Global/TIAA-CREF for $29.15 million each. Lincoln Woods was constructed in 1986 and features an outdoor pool, resident clubhouse/leasing office and a dog park. Quail Ridge was built in 1987 and includes an outdoor pool, clubhouse/leasing office and a children’s playground.

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