Announced
Completed
Financials
Sources
Tags
United States
Domestic
Completed
Single Bidder
Town Square
Friendly
Acquisition
Real Estate
Majority
Private
Real Estate Holding and Development
Synopsis
Morguard North American Residential REIT, a real estate investment trust company, completed the acquisition of Rockville Town Square, a place with retail, dining, and municipal and financial services, for $33m. "Morguard is pleased to expand our investment in Rockville, Maryland by acquiring the retail space. This acquisition along with our ownership and management of Fenestra Apartments gives Morguard the opportunity to better execute on our long-term vision," K. Rai Sahi, Morguard North American Residential REIT Chairman and CEO.
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