Greysteel arranges sale of 80 unit affordable housing prop.
WALKERSVILLE, MD — Greysteel, has arranged the sale of Victoria Park at Walkersville, a 80-unit senior affordable housing property, located in Walkersville. Greysteel president & CEO, Ari Firoozabadi;director, Henry Mathies; and investment associate, Fletcher Hultman from the firm’s Washington, D.C. office sold the Property on behalf of the seller, Osprey Property Companies. The property sold for $10.2M. Victoria Park at Walkersville is located at 105 Sandstone Dr. Victoria Park at Walkersville is an affordable housing community that was developed using the Low-Income Housing Tax Credit (LIHTC) program in 2008. Victoria Park at Walkersville’s 80 units provide housing for tenants who are 62+ years old across a broad range of the low-income spectrum. “The seller has developed, owned, and operated several age-restricted affordable housing complexes throughout the Mid-Atlantic and has a particular focus on being a premium operator,” said Mathies.