Condo Conversion for $39m Complex in Baltimore County's Randallstown Area

Summary


An apartment complex on the block for about $40 million in Baltimore County's Randallstown area may be converted into condominiums, a representative for the current owner said.

"There is interest in turning it into condos," said Grisell Romero, sales director at New Jersey-based JAB Real Estate Investment Group LLC. "We have been approached about condo conversion."

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Extract


Condo Conversion for $39m Complex in Baltimore County's Randallstown Area

JAB, which has owned Brookhaven Estates for about four years, is currently considering "two or three" serious offers for the 589- unit rental complex, Romero said....

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