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