Portfolio

Beacon | Gambrills, MD

Investment Strategy

PRP acquired this under-managed asset and drove rents to the highest rents and occupancy levels on the market. PRP renovated the common areas and replaced the roofs.

  • 2013-built core asset with condo-quality finishes and market-leading amenity packages
  • Adjacent to two high-end shopping centers totaling 1.1 million square feet of retail
  • 10 minutes drive to Fort Meade, Maryland’s largest employer employing 54,000 people
  • High average household income of $133,700 within a one mile radius
  • Located in Anne Arundel County, Maryland’s center of cyber-security and big data intelligence

Gambrills, MD
2016
461
Multifamily
$84MM
Disclaimer: The properties and investment results shown in this portfolio are provided for informational purposes only and should not be considered as a guarantee of future performance or results. Past performance does not predict future outcomes.