Baltimore — HH Fund has acquired Nine East 33rd, a 568-bed student housing community located across from the Johns Hopkins University campus in the Charles Village neighborhood of Baltimore. Armada Hoffler Properties Inc. sold the property for $75 million.
The community offers shared amenities including a fitness center, resident lounge, an outdoor terrace and leisure areas. The community also features ground floor retail space leased to nine tenants. Aaron Moll, Cody Kirkpatrick, Noam Franklin, Chinmay Bhatt and Matthew Tu of Berkadia secured a $62 million stretch senior loan for the acquisition.
“This acquisition is an important step in our strategic growth plan in high performance locations,” says Haoyu Wang, founder and CEO of HH Fund. “We are excited to enter the thriving Charles Village neighborhood and continue to grow our portfolio within Baltimore City and strengthen our reputation with Hopkins’ students.”