Clubhouse

The Estate

Clubhouse
Swimming Pool
Clubhouse
Clubhouse interior
Estates Unit
Estates Dog Park
Estates Facade

Property Summary

Year Built                                          1989

Number of Units                              208

Gross Building Area          186.300 SF

Average Unit Size                      880 SF

The Estates

In March 2013 Confinance acquired The Estates, a 208-unit class B+ apartment community located in suburban Baltimore. Cofinance acquired the asset below replacement cost and executed on a strategy to reposition the asset by upgrading the amenity base and renovating select units. The acquisition was financed with a favorable fixed-rate loan through Freddie Mac