Shelter Cove Apartments undergo sale

Asset dates back more than 30 years
Published on Oct 27, 2005

Transwestern Commercial Services announced that its Institutional Multifamily Group recently brokered the sale of Shelter Cove Apartments in Odenton, Md. The value of the transaction was $38 million. Shelter Cove, located at 537 Tranquil Court, is a 300-unit garden-style apartment community completed in 1974 and renovated in 1995. The community consists of 14 three-story buildings situated on 16 acres. Community amenities include a clubhouse, swimming pool with sundeck, sauna, fully equipped fitness center, picnic area and lighted tennis courts. Sawyer Realty Holdings sold the property to Rieder Communities. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....

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