Vanguard Realty Group

1390 Piccard Drive
Suite 120
Rockville, MD 20850
Tel: 301.795.1400
Fax: 301.795.1401

 

Potomac, MD……Rick Struse and Cullen O’Grady of Vanguard Realty Group have completed the sale of Clarkview Apartments, a 34 unit garden style apartment property located in the Upper Park Heights region of Baltimore City. Rick and Cullen represented the lender and also secured the buyer, a local investment group to complete the transaction. Vanguard Realty Group was selected as the Receiver for the property last year, and thus managed it through closing. Many offers were submitted during a very quick and thorough marketing process. The property was approximately 50% vacant at sale, and affords the buyer tremendous upside to lease the vacant units as well as complete other rehabilitation to various parts of the property. This is the first property of its class and size to close in Baltimore for 2010. “Because of Vanguard Realty Group’s specialized expertise and services, we were able to supply receivership, property management and investment sales brokerage capabilities for our client for this challenging assignment. Our ability to provide a variety of diverse services for our clients tailored to their specific needs during this challenging economy separates our ability from our competitors.” – Cullen and Rick

Contact: Cullen O’Grady (301-795-1456) or Rick Struse (410-507-2883)

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