Greysteel, a national commercial real estate investment services firm, has arranged the sale of Marble Hall Gardens, a multifamily property located in Baltimore, MD for $31,000,000.

This transaction was arranged by Greysteel President & CEO, Ari Firoozabadi; Managing Director, W. Kyle Tangney; Director, Rawles M. Wilcox; Senior Investment Associates, Ari Azarbarzin and Alicia Orkisz; and Investment Associate, Herbert Schwat; who are all based in Greysteel’s Washington, D.C. and Baltimore offices.

Marble Hall Gardens, built in 1947, is a 390-unit community located at 4300 Marble Hall Road in Baltimore, MD. Positioned just off Loch Raven Boulevard (MD 542), one of the city’s primary north-south thoroughfares, offering convenient access to major employers throughout the Greater Baltimore Metro Area, such as Medstar Good Samaritan Hospital and Johns Hopkins Hospital and Health Systems. Residents also benefit from close proximity to Downtown Baltimore’s latest mixed-use developments including the Marketplace at Fells Point, a $41 million project featuring new shops and restaurants, and Harbor Point, the city’s leading waterfront development.

"Marble Hall Gardens is a unique asset that blends conventional and student housing in one community,” said Mr. Azarbarzin. “The new owner stands to benefit from a healthy partnership with a growing university, while adding value through development, and limited capital improvements.”

About Greysteel:

Greysteel is a commercial real estate and capital markets services firm with ten offices located in Phoenix, AZ; Los Angeles, CA; Denver, CO; Washington, D.C.; Baltimore, MD; New York, NY; Philadelphia, PA; Dallas, TX; Fort Worth, TX; and Norfolk, VA. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets.