Morguard North American Residential REIT has acquired the retail portion of Rockville Town Square in Maryland.
October 4, 2022
Morguard purchased Fenestra Apartments, three mid-rise buildings in 2017, and the acquisition of the remaining retail in this mixed-use asset expands the company’s investment in the City of Rockville and creates operational efficiencies, indicates a release. The transaction closed at a purchase price of US$33 million, excluding closing costs.
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