Please ensure Javascript is enabled for purposes of website accessibility

Enterprise Homes buys Lexington Park’s Spyglass at Cedar Cove

Adam Bednar//Daily Record Business Writer//November 30, 2015

Home>More News>

Enterprise Homes buys Lexington Park’s Spyglass at Cedar Cove

Enterprise Homes buys Lexington Park’s Spyglass at Cedar Cove

By Adam Bednar

//Daily Record Business Writer

//November 30, 2015

Enterprise Homes announced it has purchased the market-rate Spyglass at Cedar Cove apartments in Lexington Park.

The 152-unit development was built in 1985 and provides private Chesapeake Bay beach access. Enterprise Homes intends to complete renovations to the new roof, windows and flooring.

“We are looking forward to completing a renovation of the apartments and common areas that will offer residents an updated community with unparalleled access to the Chesapeake Bay and local employers,” Chickie Grayson, president and CEO of Enterprise Homes, said in a news release.

Bellwether Enterprise Real Estate Capital LLC, the multifamily mortgage banking subsidiary of Enterprise Homes parent company of Enterprise Community Investment Inc., provided a $13.3 million loan. The Enterprise Multifamily Opportunity Fund provided $5 million in equity capital.

-

Related Content

United Auto Workers members attend a rally in Detroit on Sept. 15, 2023. The UAW is conducting a strike against Ford, Stellantis and General Motors. (AP Photo/Paul Sancya)

Strikes against automakers spread to 38 locations in 20 states; Stellantis and GM are targeted

The United Auto Workers union will expand its strike against major automakers by walking out of 38 General Mot[...]

September 22, 2023

T. Rowe Price celebrates new HQ construction in Baltimore with beam signing

Baltimore-based T. Rowe Price celebrated a major milestone in the construction of its new global headquarters [...]

September 22, 2023
At MGM National Harbor in Oxon Hill, resort officials worked with food donor partner Nourish Now to contribute 55,000 pounds of food to community nonprofits such as Nourish Now. The food will provide more than 45,000 meals to Maryland residents throughout Montgomery and Prince George's counties. (The Daily Record/File photo)

MGM Resorts computers back up as analysts eye effects of casino cyberattacks

MGM Resorts brought to an end a 10-day computer shutdown prompted by efforts to shield data from a cyberattack[...]

September 21, 2023

Coalition urges PSC to reject proposed $602.4M BGE rate hike

A coalition called on the Maryland Public Service Commission to reject a proposed $602.4 million Baltimore Gas[...]

September 21, 2023
ZaVino Italian Marketplace and California Closets have signed leases to open retail spaces at the Village Shops at The Village of Cross Keys and are both expected to open in the first half of 2024. (File photo)

Zavino Italian Marketplace & California Closets coming to Cross Keys

Caves Valley Partners announced that ZaVino Italian Marketplace and California Closets have signed leases at t[...]

September 20, 2023
United Auto Workers members walk the picket line at the Ford Michigan Assembly Plant in Wayne, Michigan, on Sept. 18, 2023. (AP Photo/Paul Sancya)

UAW threatens to expand targeted strike if no substantive progress seen by Friday

The United Auto Workers union is stepping up pressure on Detroit’s Big Three by threatening to expand its st[...]

September 20, 2023

Editors Picks

Excessive force lawsuit claims Baltimore County officers shot ‘indiscrimin[...]

22/9/2023

University of Baltimore law dean to step down at end of school year

22/9/2023

Md. commission overturns approval for contested programs at Hopkins, Stevenson

22/9/2023
Emergency personnel work at the scene of a fatal crash along Interstate 695 on March 22, 2023, near Woodlawn. Multiple people were killed when a passenger vehicle pulled into a work zone along the Baltimore beltway and struck construction workers there, Maryland State Police said. (AP Photo/Julio Cortez)

Md. transportation officials consider more cameras, higher fines in work zones

21/9/2023
Maryland Court of Appeals

Md. high court finds Sixth Amendment violation, upholds new trial order

21/9/2023

Commentary

More News

In this Nov. 21, 2013, file photo reviewed by the U.S. military, dawn arrives at the now closed Camp X-Ray, which was used as the first detention facility for suspected militants captured after the Sept. 11 attacks, at the Guantanamo Bay Naval Base in Cuba. (AP Photo/Charles Dharapak, File)

Guantanamo judge rules 9/11 defendant unfit for trial after panel finds abuse re[...]

22/9/2023
Speaker of the House Kevin McCarthy, R-Calif., walks from the chamber to his office just after House Republicans failed to advance their own defense bill for second time in a week, at the Capitol in Washington on Sept. 21, 2023. (AP Photo/J. Scott Applewhite)

Government shutdown risk spikes as House Republicans leave town amid hard-right [...]

22/9/2023
United Auto Workers members attend a rally in Detroit on Sept. 15, 2023. The UAW is conducting a strike against Ford, Stellantis and General Motors. (AP Photo/Paul Sancya)

Strikes against automakers spread to 38 locations in 20 states; Stellantis and G[...]

22/9/2023
A condenser sits on the roof during the installation of a heat pump on Jan. 20, 2023, in Denver. A bipartisan coalition of about 25 governors and the Biden administration are set to announce a pledge Sept. 21, 2023, to quadruple the number of heat pumps in U.S. homes by 2030. (AP Photo/David Zalubowski, File)

Governors, Biden administration push to quadruple efficient heating, AC units by[...]

22/9/2023
Judge Pauline Newman, who is on the U.S. Court Court of Appeals for the Federal Circuit, poses in her office in Washington on May 3, 2023. Newman has been barred from hearing cases for a year after a judicial panel said she refused to undergo medical testing over concerns she's no longer mentally fit to serve on the bench. (Bill O'Leary/The Washington Post via AP)

96-year-old federal judge barred from hearing cases in bitter fight over her men[...]

21/9/2023

Networking Calendar

Submit an entry for the business calendar