Business & Tech

The Residence at Waterstone Sold for $64.7M

A subsidiary of KBS Legacy Partners Apartment REIT, Inc. has closed on the purchase, according to City Biz Real Estate.

The Residence at Waterstone is under new ownership, according to a report by CityBiz Real Estate.

"A subsidiary of KBS Legacy Partners Apartment REIT, Inc. has closed on the $64.7 million purchase of The Residence at Waterstone in Pikesville, MD," the report states.

Kettler Management Inc. will manage the property, it states.

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are located at 225 Galvariun Ct. in Pikesville. The property includes lighted tennis courts, a swimming pool and fitness center, according to its website.

Is this good news? And did they choose a good management company? Tell us in the comments.

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