New Owner for Beech's Farm Apartments

StoneBridge Investments of Washington, DC has acquired Beech’s Farm, a 135-unit rental apartment community in Columbia, MD. Located on Eden Brook Drive and originally built in 1985, Beech’s Farm is comprised of seven two- and three-story buildings resembling townhomes. The new ownership intends to renovate apartment interiors upon turnover and add a fitness center to the community’s existing amenities.

Named by Money Magazine as this year’s “Best Place to Live,” Columbia continues to provide both residents and businesses with a wide range of advantages, including quick access to both Washington, DC and Baltimore as well as proximity to major employment centers such as Fort George G. Meade, the National Security Agency (NSA), Johns Hopkins Applied Physics Laboratory, and Baltimore-Washington International Thurgood Marshall Airport. More than 9,000 businesses are located within Columbia itself.

Said Kees Brüggen, Managing Director: “This investment complements our recent acquisition of Seven Oaks in Odenton, MD, a 278-unit apartment complex that is currently undergoing repositioning and renovation. We believe in the continued growth of the Washington-Baltimore corridor, and are particularly attracted to the strong demographics surrounding critical Federal government facilities like the US Cyber Command and Fort Meade. Cybersecurity continues to be a major growth area for both the public and private sector, and its heavy presence in the area promises to remain a significant demand driver looking forward.”

ZRS Management, an affiliate of StoneBridge, is managing both Beech’s Farm and Seven Oaks. ZRS currently manages nearly 2,000 units in the DC region and more than 32,000 nationwide.