JV of MCB and Goldman Sachs Partner for Largest Attainable Housing Agreement in Baltimore County History
Baltimore County Executive Johnny Olszewski, in partnership with MCB Real Estate and Goldman Sachs Asset Management’s Urban Investment Group, announced the preservation of 460 housing units of attainable housing at three MCB multi-family properties in Baltimore County in Nottingham, Parkville and Sparrows Point for up to 40 years. The largest attainable housing deal in Baltimore County history, this fulfills a priority of County Executive Olszewski to ensure that people of all socio-economic backgrounds have access to a home. Read more here.
This announcement reflects MCB’s commitment to high impact investments and, more importantly, for the communities we deeply care about. Just 18 months ago, MCB and Goldman Sachs joined forces to acquire a $400 million, 5-property, multi-family portfolio, spanning Anne Arundel, Baltimore, and Montgomery Counties, adding up to 1,660 units of Naturally Occurring Affordable Housing.
MCB and it’s investment partners are committing substantial resources and investing millions of dollars to significantly upgrade these aging units and provide quality housing while preserving affordability.
“MCB is proud to partner with Baltimore County and Goldman Sachs’ Urban Investment Group in this high-impact investment that will increase housing options for economically vulnerable families,” said P. David Bramble, Managing Partner of MCB. “This investment exemplifies MCB’s mission to spark greater investment in underserved areas to help these communities thrive.”