Limitless Management, a real estate investment and property management firm based in Baltimore, partnered with GMF Capital to acquire Melvin Park Apartments in Catonsville, Maryland.

“We’re excited to kick off our partnership with GMF Capital, which shares our vision for Melvin Park Apartments,” said Alex Schultz, CEO and co-founder of Limitless Management. “It’s a unique asset. There’s nothing else like it in this submarket. We see a lot of potential and plan to take the property to the next level. Limitless Management has a strong focus on suburban workforce housing, and we plan to continue growing our portfolio with these types of assets.”

Melvin Park Apartments, located at 351 Suter Road in Catonsville, consists of 263 two-bedroom apartments in 132 duplexes with individual private entrances for each apartment. Rated as Class B workforce housing, the rental apartments offer single-family-home-style residences.

“We plan to renovate the majority of units, modernizing the kitchens with new cabinets, granite countertops, tile backsplashes and stainless-steel appliances as well as adding plank flooring throughout,” said Yanky Scheinfeld, president and co-founder of Limitless Management. “The upgrades will bring new life to the community.”

Limitless Management purchased the off-market property directly from the seller without a broker. It was 96% occupied upon acquisition.

Limitless Management is a real estate investment firm that specializes in acquiring and managing multifamily properties in Baltimore and the mid-Atlantic. Alex Schultz, age 26, and Yanky Scheinfeld, age 30, founded Limitless Management in 2017. (www.limitlessmanagement.com)