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OAKLAND, CALIF. — Baltimore-based Alex. Brown Realty Inc. (ABR) has partnered with Oakland-based Horizon Management Group to purchase Fiesta Garden Apartments, an apartment complex located in Oakland. The 54-unit community includes 11 two- and three-story buildings clustered around an interior courtyard. The joint venture plans to complete the interior and exterior renovation plan that was initiated by the previous owner. ABR Chesapeake Fund III, a value-added real estate investment fund sponsored by ABR, provided an equity commitment of $2.3 million to the venture. Nathan Prouty of NorthMarq Capital arranged the debt and equity capital for the transaction.