WASHINGTON – Transwestern Real Estate Services (TRS) announces that its Mid-Atlantic Multifamily Group has been retained to sell Queenstown Apartments, a 1,062-unit garden-style community in Mount Rainier, Maryland. Transwestern’s Dean Sigmon, Robin Williams, and Michael D’Amelio are marketing the Prince George’s County property on behalf of the owner, MidCity.
“Located in a Qualified Census Tract, the property provides a significant amount of naturally occurring affordability for low- and moderate-income renters, creating a rare opportunity to acquire a large multifamily community of this size in Prince George’s County and preserve high-quality workforce housing,” said Sigmon, TRS Executive Vice President.
Queenstown’s central location in the Mount Rainier/Hyattsville submarket, within walking distance to the West Hyattsville Metro Station, provides convenient access to East-West Highway (MD-410), US Route 1, US-50, the I-95/I-495 Capital Beltway, and the Baltimore-Washington Parkway.
“With strong in-place cash flow, excellent historical performance and upside potential, Queenstown presents multiple investment strategies to maximize returns,” said Williams, TRS Executive Vice President.
More information about Queenstown Apartments is available here. A link to an image of the property is available here.
About MidCity
MidCity is a Bethesda, Maryland-based, family-owned, values-drive real estate company that is grounded in more than fifty years of development and management of multifamily housing. The company was founded in 1965 by Eugene F. Ford, Sr., a national affordable housing champion who created over 15,000 units of affordable housing throughout the United States. That legacy endures today through MidCity’s core focus on owning and managing mixed-income and affordable communities.
About Transwestern Real Estate Services
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners, and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.
Media Contact:
Jaime Luckey
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jaime@luckeycomms.com
twmediarelations@transwestern.com
