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SKS Realty Partners and MRK Partners Complete $51.5 Million Acquisition of 198-Unit Apartment Community for LIHTC Conversion

BETHESDA, MD - Newly launched SKS Realty Partners of Rockville, MD has joined with MRK Partners of Los Angeles, CA to acquire Amber Commons, a 198-unit garden apartment community in Gaithersburg, MD, for $51.5 million. Over the next year, the partnership plans to convert the property to affordable housing utilizing Low-Income Housing Tax Credit (LIHTC) syndication. The seller, RST Development, was represented by CBRE. Amber Commons offers apartments with one, two, and three bedrooms, some with.....
United States Los Angeles Sydne Garchik Amber Commons Steve Garchik Kevin Smith

SKS, MRK acquire Md. apartment community For $51.5M | Maryland Daily Record

Newly launched SKS Realty Partners of Rockville has joined with MRK Partners of Los Angeles to acquire Amber Commons, a 198-unit garden apartment community in Gaithersburg for $51.5 million. Over the next year, the partnership plans to convert the property to affordable housing utilizing Low-Income Housing Tax Credit (LIHTC) syndication. The seller, RST Development, was ...
Los Angeles Amber Commons Sydne Garchik Steve Garchik Kevin Smith National Institute Of Standards

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