BALTIMORE, MD – Wood Partners, a national leader in multifamily real estate development, announced the grand opening of its newest luxury property, Alta Federal Hill. Situated at 1800 S Hanover Street in Baltimore’s Federal Hill neighborhood, the expansive property features sweeping views of the city skyline and a total of 275 residential units.
With its industry-leading amenities package, Alta Federal Hill truly stands out from the rest of the market. The property’s outdoor spaces feature a resort-style pool with spacious tanning deck, an outdoor entertainment area outfitted with multiple grilling stations, TVs, lounges and gaming area, a pet spa with two dog washing stations, and an open-air rooftop lounge with spectacular views of the city. Inside, the club area features hi-def TVs, lounge seating, co-working spaces and conference rooms, a 24/7 fitness center with weights and virtual training equipment. There is also a tavern-themed sports lounge complete with a bar/kitchen area, billiards table, shuffleboard, dartboard, arcade games and huge screen TVs.
The residences themselves offer one, two and three-bedroom custom designed floorplans. The stunning kitchens feature white quartz countertops, designer tile backsplash, soft-close cabinetry, and a stainless-steel GE appliance package. Designer wood-style flooring runs throughout the apartment homes with bathrooms featuring designer tile, shower/tub surrounds and frameless glass shower doors. Each home also comes complete with a full-sized washer/dryer set, ecobee thermostat, keyless access system and wiring for high-speed internet. Select homes feature oversized walk-in closets and walk-out patios and balconies as well.
“As the company’s second property in the Baltimore area, Alta Federal Hill perfectly aligns with Wood Partners’ ongoing commitment to developing properties that not only align with the needs of future residents, but also embrace the surrounding community as a whole,” said Scott Zimmerly, Executive Managing Director. “Alta Federal Hill caters to the differing needs of residents commuting in and out of the city by providing simple access to I-95 and I-395, which run alongside the property. At the same time, Alta Federal Hill puts residents near the growing list of dining and entertainment options the neighborhood has to offer, including M&T Bank Stadium and the iconic Oriole Park at Camden Yards, which are both within walking distance.”

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DENVER, CO – JLL Income Property Trust, an institutionally managed daily NAV REIT with more than $5.1 billion in portfolio assets, announced the acquisition of Pinecone Apartments in the Denver suburb of Fort Collins, Colorado. The 13-building, 195-unit garden-style apartment community was bought for approximately $52 million, bringing JLL Income Property Trust’s total residential allocation to more than $2.0 billion, or 43 percent of total assets.
“The addition of Pinecone Apartments increases our residential allocation, an overweight target for us, and fits extremely well with our strategy to invest in well-located multifamily communities with strong demand drivers and high barriers to entry for new competition,” said Allan Swaringen, JLL Income Property Trust President and CEO. “Given its proximity to Colorado State University and the north suburban Denver area, we believe this investment will continue to see strong tenant demand and stable occupancy, making this an attractive, long-term investment for our diversified portfolio.”
Constructed in 1993, Pinecone Apartments recently underwent unit renovations and has maintained a strong average occupancy of 95 percent over the past three years. The community is currently 97 percent leased.
Located 50 miles north of Denver along I-25, Fort Collins is the No. 3-ranked market by LaSalle Research & Strategy on its most recent Small Apartment Market Analysis owing to Fort Collins’s limited construction pipeline, strong long-term vacancy rate of just 4.3 percent (15-year average) and annualized rent growth of 4 percent over the last 15 years. This market’s vacancy rate and rent growth are 1.2 percent and 1.6 percent better than the US average, respectively. The city benefits from a strong labor market, bolstered by Colorado State University, which drives demand for well-located, amenitized apartment communities. The property is also located in an A-rated school district, according to Niche.com, and benefits from several walkable retail amenities.

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LITTLETON, CO – Walker & Dunlop, Inc. announced that it completed the $134,000,000 sale of Griffis Marston Lake, a 332-unit suburban multifamily community located in Littleton, Colorado. The property is positioned for strong long-term performance, due to its renovation program, significant potential for rent growth, and a lack of new construction in the area.
Walker & Dunlop’s Dan Woodward, David Potarf, Matt Barnett, and Jake Young brokered the sale on behalf of their longtime client, Denver-based Griffis Residential, along with their partner, Pacific Coast Capital Partners. In parallel with the sale of the property, Walker & Dunlop’s Trevor Fase arranged fixed rate, interest-only financing through Fannie Mae on behalf of the buyer, Kennedy Wilson.
Mr. Barnett commented, “Griffis Marston Lake represented an ideal garden-style, value-add opportunity, on the desirable west side of Denver. Our team’s deep relationships with clients brought unprecedented interest to the property throughout the marketing process.” He continued, “We conducted over 30 tours and – through an extremely competitive bidding process – ultimately found the right buyer in Kennedy Wilson. Walker & Dunlop’s financing capabilities also provided a seamless execution for the buyer and seller.”
Built in 2002 on the western edge of Denver, Griffis Marston Lake is an institutional-quality property offering residents convenient access to Red Rocks, downtown Littleton, and major employers in the area including the Swedish Medical Center, Denver Federal Center, and Lockheed Martin. The community appeals to the post-COVID renter demand for a low-density suburban location with larger units, while remaining close to metropolitan amenities. Downtown Denver and the Denver Tech Center are within a 30-minute drive, and the nearby Highway 285 and Interstate-70 enable simple access to the Rocky Mountains.

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