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Enterprise Community Development

Real Estate
Silver Spring Apartment Complex Sold To Baltimore Affordable Housing Developer In $20M Deal Silver Spring Apartment Complex Sold To Baltimore Affordable Housing Developer In $20M Deal
Silver Spring Apartment Complex Sold To Baltimore Affordable Housing Developer In $20M Deal A Maryland real estate company is paying a pretty penny to improve its foothold in Silver Spring with a new multi-million dollar purchase. Baltimore-based Enterprise Community Development (ECD), a nonprofit owner and developer of affordable homes, has purchased the 87-unit multi-family Parkside Terrace on Easley Street for $20 million (or slightly less than $230,000 per unit), Transwestern Real Estate Services announced. According to Transwestern Executive Vice President Robin Williams, “the property has been well managed by long-term owners allowing ECD and its partners to preserve natura…

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by Zak Failla