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The Donaldson Group & Dra Advisors acquire 126-unit apartment community in Temple Hills, MD



Temple Hills, MD — The Donaldson Group (TDG) of Rockville and its equity partner, NY-based DRA Advisors LLC (DRA), have acquired Brinkley Manor Apartments, a 126-unit garden-style apartment community located in Temple Hills. The acquisition price was approximately $15.05 million, and the partnership plans to invest additional capital to renovate the property.

Robert LaChapelle and Matthew Forgione of CBRE Debt & Structured Finance assisted the DRA-TDG partnership in obtaining acquisition financing through Fannie Mae’s Green Loan Program. The seller was represented by Michael Muldowney and Brian Margerum of CBRE’s Baltimore-based investment sales group.

Residents at Brinkley Manor enjoy a quaint, suburban neighborhood setting, but also have convenient access to nearby destinations, including National Harbor and downtown Washington, DC, via the Capital Beltway (I-495) located just one mile from the property.

Brinkley Manor is comprised of 21 garden apartment buildings constructed in 1972. Its one-, two- and three-bedroom apartment homes range from 813 to 1,448 s/f in size, with each apartment containing individual washers and dryers. TDG’s renovation plan will include replacing the current outdated utility system to improve service to the community’s residents and cutting energy consumption dramatically. The new ownership also plans to upgrade buildings, common areas, property grounds, and renovate individual apartments.

“The acquisition of Brinkley Manor Apartments presents us with an outstanding opportunity to reposition a well-located apartment community in a strong rental market,” said Carlton Einsel, president of The Donaldson Group. “We are extremely pleased to have executed our first transaction with our partners at DRA Advisors LLC and we continue to seek similar deals.”

“This property has significant upside potential, and we look forward to creating value for both the residents and our partnership through our planned renovations,” said John Majeski, senior vice president of The Donaldson Group. “This is the type of project that plays directly to The Donaldson Group’s strengths.”

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