For Immediate Release – Wickatunk, NJ, Dec. 19th, 2021
A 304-unit multifamily complex located in Germantown, MD, in Montgomery County, which is home to the world’s largest researcher, the National Institutes of Health, which awards $41 billion annually towards scientific research and employs more than 20,000 people.
Germantown, Maryland, has a population of 91,2496 and is located in the Washington MSA. The Washington MSA consists of 24 counties across three states and the federal District of Columbia and has a total population of 6,385,162, making it the sixth-largest MSA in the country. The Washington MSA is the fifth-largest economy in the United States with diverse industry drivers anchored by the federal government, strengthened by its life sciences, defense contracting and legal sectors. Germantown is a short commute to one of the busiest and most important metropolitan areas in the world.
-
Maryland ranks first among states for the highest concentration of STEM jobs, where 32% of adults over age 25 have a master’s degree or higher.9 Montgomery County is home to the world’s largest researcher, the National Institutes of Health, which awards $41 billion annually towards scientific research.10 The United States Food and Drug Administration is located in the Washington MSA.11 In total, 18 federal agency headquarters are located in Montgomery County.
-
The Washington MSA ranks fifth among life sciences clusters across the United States. In 2020, $8 billion was invested in life science companies in Montgomery County, where there are more than 300 biotech companies and 40,000 biotech workers. Major federal employers in this area include the National Institutes of Health, the National Cancer Institute, the National Institute of Standards & Technology and the United States Department of Energy. Opportunities such as lab and technology transfer programs bring highly-skilled scientists, engineers and inventors from around the world to live and work in one of 40 federal labs in Montgomery County.
-
Germantown offers the proximity of big city living and the affordability and amenities of suburban life. In Germantown, 37% of units are rentals and the average multifamily rent is 32% lower than mortgages across Montgomery County. The cost of living in Germantown is 23% lower than Washington, D.C.’s cost of living. Washington, D.C. is a short trip from Germantown. Residents have access to 84 museums in Washington, D.C., including 21 Smithsonian Museums. Washington, D.C. is home to major performing arts venues and sports stadiums such as the Kennedy Center, the National Theatre, FedEx Field and Nationals Park
Carter Exchange has a combined 250 years of experience in the commercial real estate industry and implements various investment strategies to meet a range of growth and income-oriented investment objectives. “This is our 1st investment with Cater Exchange and we are extremely excited to partner with
such an experienced and dedicated group of professionals who have a very broad range of real estate investing experience & in an excellent multifamily development in such a dynamic market such as Germantown, MD, which is about 30 miles outside of Washington, D.C. We look forward to investing alongside Carter in the future” said Mike Schnurr, m.p. of Amalfi.
******************************************************************************
Amalfi Capital is a real estate equity firm founded in 2015 that is an investor in over 5 million square feet of property throughout the United States. Amalfi focuses on expanding its portfolio by partnering with highly experienced sponsors who are experts in their respective markets by investing in commercial & industrial assets that we believe are well positioned for above market returns over the long run. www.Amalficapital.biz – amalficapitalinfo@gmail.com