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Sage Management Adds 687 Units in MD

August 23, 2018 / Tudor Scolca

Sage Management LLC has acquired two communities in the Washington, D.C. and Baltimore metros, totaling 687 units. The company paid $63.2 million to Carmel Partners for Midtown at Camp Springs, according to Yardi Matrix, while Wishrock sold Falcon Crest Apartments for $50 million. Both transactions were subject to Freddie Mac loans. CBRE Capital Markets originated a $47.4 million financing package for Midtown at Camp Springs and Capital One enabled the $40 million loan for Falcon Crest.