GRS | Corteq Provides Assessment Services on a $90 Million Multifamily Portfolio Acquisition in Metro D.C
GRS | Corteq recently completed Assessment Services on the acquisition of The Communities at Arbor Vista, a 675-unit multifamily portfolio located in Adelphi, MD—approximately nine miles north of Washington D.C.
Constructed in 1960, the Class B, garden-style apartment development comprises three communities: Arbor Vista, Sienna Creek and Sienna Gardens. The portfolio features a swimming pool, playgrounds, fitness and business centers, laundry facilities and a soccer field.
GRS | Corteq director, Mark Halloran, spearheaded the assessment services package for the firm’s clients, East Union Funding and Greystone. Services provided included Freddie Mac Environmental Site Assessments, Property Condition Assessments and Green Assessments.
About GRS Group
GRS Group is a leading provider of commercial real estate (“CRE”) services worldwide. With offices across the United States, Europe, and affiliates around the globe, GRS Group provides local market knowledge with global perspective for institutional real estate investors, occupiers and lenders worldwide. The GRS Group team has evaluated and advised on over $1 trillion in CRE transactions.
Through the company’s proprietary management process, Global Services Connection, GRS Group delivers an integrated suite of services including Financial Advisory, Transaction Management, Assessment and Title Insurance. We provide a single point of contact, capable of leveraging the GRS Group portfolio of companies, and delivering customized solutions to assist our clients in achieving their investment goals.