Concord Park at Russett
Update
08/01/23
Laurel Multifamily Trades for $105.5M
Starwood Capital has sold Concord Park at Russett to Excelsa for $105,500,000. The 335-unit multifamily offers a mix of 1 through 3 bedrooms along with a swimming pool, resident clubhouse, theater room, fitness center, and a library. Excelsa plans to invest over $4,000,000 in capital improvements including exterior upgrades, and interior cosmetic updates. The property was last traded in August 2019 for $86,700,000.
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