Located in the Upper Park Heights area of Baltimore, this property is representative of the type of rental property we seek. The property is located across the street from the Reisterstown Plaza Metro Stop and Shopping center. Due to financial distress of the seller we were able to purchase this well maintained property at a favorable price. The building consistently maintains full occupancy.

Attractively purchased traditional garden style apartment community. Meticulously well maintained property that offers a peaceful relaxed rural setting as an alternative to busier Frederick communities.

Located in the Upper Park Heights area of Baltimore, this property has large units in a quiet setting.  The property had suffered years of neglect. When purchased by us, the property was in desperate need of renovation and professional management.  We immediately changed management and implemented a major renovation program replacing major structural components as well as updating kitchens and baths.  Initially financed with FHA co-insured debt, the property has subsequently been refinanced several times. Today, the property is consistently fully occupied with a waiting list, and offers one of the best rentals in this market area.

The St. Charles Industrial Center consists of three multi-tenanted Class B flex space buildings containing 129,566 SF and land suitable to develop another 80,000 SF. The previous owners negligent handling of the property's leasing and unwillingness to spend money to maintain and improve the buildings resulted in underperformance of the property, and gives us ample room to create value and enhance performance, which we feel is achievable.

In order to satisfy tenants and increase rents, improvements will be made to the physical plant, cosmetic look, and the name will be changed. As a result of improved leasing and operations we expect the current NOI to increase by 33% within two years. BAF is an investment partner in this property.