Homewood Seniors’ Complex Thanks to Right Mix of Partners

Owner’s Limited Zoning, Firm’s Desire to Create Seniors’ Housing a Perfect Fit

An out-of-state investor hired Maryland Land Advisors to maximize the value of his property which had a zoning restriction limiting development to seniors-only housing. Lead broker Stephen Ferrandi and his team worked hard to find and recruit an investment-development firm. Stephen brought the two parties together, and as the economy changed, we were able to pivot and create 75 luxury seniors’ condominiums, which were sold through within months. The timing was perfect and each party maximized their investment.

Eldersburg, Maryland

Buyer: Adler/Sibel Companies

$600,000