SOLD
The Residence at Waterstone Apartments
225 Galvariun Court, Pikesville, MD 21208
Property Overview
The Residence at Waterstone is a 255-unit, Class A apartment community situated on 25.2 acres in Pikesville, Maryland. Originally designed as “for sale” condominiums, each unit is a spacious townhouse-style residence with its own direct access garage and private entry. The living space of each unit is bright and features gourmet kitchens and spacious closets.
Community highlights include a cafe, clubhouse, resort-style swimming pool, a business center and conference room and a 24-seat theater/media room. Other amenities include a tennis court, fitness center, aerobics room, library and Wi-Fi access. As a result of the high quality lifestyle the Residence at Waterstone offers, resident turnover has averaged 35%, which is far below the 57% to 62% national average.
Investment at a Glance
Location: Pikesville, MD
Property Type: Apartment Community
Acquisition Date: April 6, 2012
No. of Buildings: 29
No. of Units: 255
$64,700,000
Total Purchase Price
370,591
square feet
Total Rentable Area
Class A
Building Class
