Vanguard Realty Group

1390 Piccard Drive
Suite 120
Rockville, MD 20850
Tel: 301.795.1400
Fax: 301.795.1401

Commercial Leasing Team

Potomac, MD ...- Rick Struse and Cullen O’Grady of Vanguard Realty Group’s Investment Sales Division completed the sale of 8 apartment transactions in 2009 within a challenging economy with weak sales. Rick and Cullen listed and closed the majority of a 9 property, 109-unit portfolio in Takoma Park, MD. The remaining properties in the portfolio are in negotiations and should close in 2010. Rick and Cullen also closed Knightsbridge Apartments, a 55-unit garden style apartment property located in the desirable Park Heights neighborhood of Baltimore, MD. Additionally, they closed Chesterbrook Apartments, an 84-unit garden style apartment property located in Middletown, Frederick County, MD. Included in the properties currently under contract is Clarkview Apartments, a 34-unit garden style apartment property also located in the Park Heights neighborhood of Baltimore, Maryland. According to Rick and Cullen, the outlook for 2010 is very positive. Buyers are returning to the market and financing is becoming more readily available. Rick and Cullen already have a number of listings available and plenty of market interest.

Contact: Rick Struse: 410.263.5214 or Cullen O’Grady 301.795.1456

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