Transwestern Real Estate Services (TRS) announced that its Mid-Atlantic Multifamily Group has been retained to sell Queenstown Apartments, a 1,062-unit garden-style community in Mount Rainier, Maryland. Transwestern’s Dean Sigmon, Robin Williams, and Michael D’Amelio are marketing the Prince George’s County property on behalf of the owner, MidCity.
“Located in a Qualified Census Tract, the property provides a significant amount of naturally occurring affordability for low- and moderate-income renters, creating a rare opportunity to acquire a large multifamily community of this size in Prince George’s County and preserve high-quality workforce housing,” said Sigmon, TRS Executive Vice President.
Queenstown’s central location in the Mount Rainier/Hyattsville submarket, within walking distance to the West Hyattsville Metro Station, provides convenient access to East-West Highway, US Route 1, US-50, the I-95/I-495 Capital Beltway, and the Baltimore-Washington Parkway. “With strong in-place cash flow, excellent historical performance and upside potential, Queenstown presents multiple investment strategies to maximize returns,” said Williams, TRS Executive Vice President.
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