Shelter Cove Apartments undergo sale

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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