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Hogan Companies Sell Frostburg Student Housing Portfolio 

Larry Hogan, President and CEO of the Hogan Companies, headquartered in Annapolis, Maryland, announced today that the company has completed another notable transaction in 2013, brokering the sale of a student housing portfolio in Frostburg, Maryland. Welsh Hill Commons is a portfolio of three multifamily buildings totaling 86 units, located steps from the campus of Frostburg State University.
 
Hogan Companies Vice President Jake Ermer represented the purchaser, VEI Frostburg, LLC, and was the sole broker in this off-market transaction. 
 
Ermer said “Student housing has been a consistently strong performer, and Welsh Hill Commons represents an excellent value to my clients both as a stand-alone transaction and to further diversify their existing retail portfolio."
 
Larry Hogan added, “The Hogan Companies are well-known as Maryland's leading land firm, but our team closes numerous improved property transactions every year. Our active brokerage pipeline includes a wide variety of value-add, improved, and investor grade income-producing transactions.”
 
The Hogan Companies’ team is active in every part of the State of Maryland, having closed transactions in nearly every jurisdiction. This Allegheny County transaction marks the 12th jurisdiction in Maryland in which Ermer has closed a sale and is a great example of the extensive reach of the Hogan Companies’ network.

The Hogan Companies is a full service real estate brokerage firm adept in navigating the complex relationships involved in successfully completing real estate transactions. For over more than 25 years, the Hogan Companies have completed over $2 billion in real estate transactions by bringing sellers and buyers together to create mutually beneficial scenarios.


CONTACT: 

Jake Ermer
Hogan Companies
2661 Riva Road
Annapolis, MD 21401 
410.266.5100

 


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