The firm has acquired the luxury Alta at Regency Crest in the Baltimore submarket of Ellicott City.
Boutique private equity firm Livingston Street Capital continues to bolster its 55-plus active-adult portfolio with the recent acquisition of a luxury multifamily community in the Baltimore metro area.
Acquired from a private multifamily developer, the 150-unit Alta at Regency Crest in Ellicott City is close to health care, retail, and transportation. The four-story building offers one-, two-, and three-bedroom floor plans with upgraded interiors as well as sunrooms, dens, and private balconies in select units. The community features highly competitive amenities, including a heated indoor saltwater pool, a 24-hour gym with a yoga studio, a renovated game room and resident clubhouse, a theater room, a courtyard with a gazebo, a koi pond, a putting green, and a full-service beauty salon.
Alta at Regency Crest is a luxury 150-unit multifamily community for active adults 55 and older in Ellicott City, Maryland.
“In this case, the addition of Alta at Regency Crest to our portfolio marks Livingston’s ongoing expansion into the active-adult living sector and grows our geographical foothold,” said Peter Scola, Livingston founder and co-CEO. “The property is ideally located in close proximity to both Baltimore and Washington, D.C., and is well aligned with our strategy of identifying core, core-plus, and light value-add active-adult lifestyle communities in desirable locations, giving residents high-quality living with easy access to large metropolitan areas.”