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.
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 .