{"id":1004123918,"date":"2015-07-24T05:15:22","date_gmt":"2015-07-24T13:15:22","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=355966"},"modified":"2020-04-30T09:11:43","modified_gmt":"2020-04-30T17:11:43","slug":"greysteel-bets-on-charm-city-multifamily","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/greysteel-bets-on-charm-city-multifamily\/","title":{"rendered":"Greysteel Bets on Charm City Multifamily"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

\"Greysteel<\/a><\/p>\n

Greysteel Investment Associate Lance Ahmadian<\/em><\/p>\n<\/div>\n

Investors have high hopes for Baltimore\u2019s downtown neighborhood.<\/p>\n

A Greysteel<\/a> investment team led by Lance Ahmadian, Ari Firoozabadi, John Mullen and Kyle Tangney has been named exclusive advisor and agent for the sale of a 16-unit affordable housing community in Baltimore\u2019s popular Butchers Hill submarket.<\/p>\n

Located in a primarily residential area, the 115-year old Butchers Row multifamily community consists of six row homes featuring one-, two- and three-bedroom units. About half of the property\u2019s units operate under a project-based Section 8 Housing Assistance Payments (HAP) contract, while the remaining units operate under Section 42 of the Low Income Housing Tax Credit (LIHTC).<\/p>\n

\"Butchers<\/a><\/p>\n

Butchers Row, downtown Baltimore<\/em><\/p>\n<\/div>\n

\u201cWith transformative developments such as the Marketplace at Fells Point in the pipeline, affordable housing in Downtown Baltimore will only become more limited,\u201d said Greysteel Investment Associate Lance Ahmadian in a prepared statement. \u201cButchers Row is a choice opportunity for investors to enjoy consistently high rental demand. Additionally, the Property\u2019s coveted Project-based HAP contract offers investors the ability to secure stabilized income.\u201d<\/p>\n

Butchers Row is conveniently located within three miles of top educational institutions including Johns Hopkins University, the University of Maryland and the Maryland Institute College of Art. The property is also located in close proximity to various mixed-use destinations such as the Marketplace at Fells Point.<\/p>\n

Images courtesy of Greysteel<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Investors have high hopes for Baltimore’s downtown neighborhood.<\/p>\n","protected":false},"author":192,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21742],"tags":[],"class_list":["post-1004123918","post","type-post","status-publish","format-standard","hentry","category-baltimore","category-latest"],"acf":[],"yoast_head":"\nGreysteel Bets on Charm City Multifamily - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/greysteel-bets-on-charm-city-multifamily\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greysteel Bets on Charm City Multifamily\" \/>\n<meta property=\"og:description\" content=\"Investors have high hopes for Baltimore’s downtown neighborhood.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/greysteel-bets-on-charm-city-multifamily\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-24T13:15:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-30T17:11:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/lance_thumb.jpg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greysteel-bets-on-charm-city-multifamily\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greysteel-bets-on-charm-city-multifamily\\\/\"},\"author\":{\"name\":\"Ioana Neamt\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/993af2799cdaf5162633d320cf63ff16\"},\"headline\":\"Greysteel Bets on Charm City Multifamily\",\"datePublished\":\"2015-07-24T13:15:22+00:00\",\"dateModified\":\"2020-04-30T17:11:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greysteel-bets-on-charm-city-multifamily\\\/\"},\"wordCount\":236,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greysteel-bets-on-charm-city-multifamily\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/lance_thumb.jpg\",\"articleSection\":[\"Baltimore\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greysteel-bets-on-charm-city-multifamily\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greysteel-bets-on-charm-city-multifamily\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greysteel-bets-on-charm-city-multifamily\\\/\",\"name\":\"Greysteel Bets on Charm City Multifamily - 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