Please ensure Javascript is enabled for purposes of website accessibility

Hogan brokers sale of student housing

Hogan brokers sale of student housing

Listen to this article

The Hogan Cos., an Annapolis-based, full-service real estate brokerage firm, announced that it brokered the sale of Welsh Hill Commons, a three-building, multifamily housing development in Frostburg.

The 86-unit student housing complex is located a short distance from the campus of Frostburg State University in far Western Maryland.

Hogan Vice President Jake Ermer represented the Baltmore-based purchaser, VEI Frostburg LLC, and was the sole broker in the off-market transaction.

The portfolio sold for $5.26 million, with the seller, Welsh Hill Commons LLC, retaining a minority ownership.

The transaction is not expected to affect the complex’s residents, according to the Hogan Cos. announcement.

Networking Calendar

Submit an entry for the business calendar