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...
Source: multifamilybiz.com
