Aventon Annapolis – Annapolis, Maryland – 250 Unit Apartment Development, Acquired by WRP V

Aventon Annapolis – Annapolis, Maryland - 250 Unit Apartment Development, Acquired by WRP V

OPPORTUNITY

250 Unit, Class A apartment development in Annapolis, MD, one of the most supply constrained apartment markets in the U.S. The site benefits from the strict zoning of historic Annapolis, taking years to gain necessary approvals to build. Due to such high barriers to entry, less than 1,100 apartment units in total have been delivered in Annapolis, the state capital of Maryland, over the last 10 years.