Greysteel Brokers $11.3M Sale of Community in Edgewater, Maryland

by Jeff Shaw

EDGEWATER, Md. — Greysteel has arranged the sale of Victoria Park at Edgewater, a 102-unit seniors housing property in Edgewater, located south of Baltimore and east of Washington, D.C.

Ari Firoozabadi, Ari Azarbarzin and Henry Mathies of the company’s Baltimore and Washington, D.C. offices arranged the sale on behalf of the seller, Osprey Property Cos. Avanath Capital Management bought the property for $11.3 million.

Built in 2006 and totaling 102 residential units, Victoria Park at Edgewater is an age-restricted community, with all units reserved for adults aged 62 years and older. The property consists of a mix of one- and two-bedroom units with an average size of 840 square feet.

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