NEW INVESTMENT OPORTUNITY
lOChWOOD & cOURTYARD APARTMENTS
A 432-unit multifamily community with assumable debt, strong in-place cash flow, and a clear path to value creation.
Target Cash on cash
~ 8%
Target Investor IRR
15%
Target Equity Multiple
2X
property highlights
- Scale & Established Occupancy
432 apartment units across approximately 22 contiguous acres, with current occupancy of 96.8%. - Potential Rental Upside
Current rents are approximately $150 below comparable properties, creating an opportunity for gradual rent increases and forced appreciation. - Access to Major Employment Centers
Located in Northeast Baltimore, with access to employers and institutions including MedStar Good Samaritan and Morgan State University for stable market desirability. - Demographics Demonstrate Growing Demand
Increasing population, no new supply in this submarket despite growing population and increasing interest rates for rental market growth . - Management Expertise
GL Capital has over 1,000 units of the same type of property, condition, and management structure for strong certainty of execution.
our value-creation strategy
Our plan for Lochwood & Courtyard Apartments focuses on improving operational efficiency, enhancing the resident experience, and unlocking the property’s potential rental upside through a disciplined, phased value-add strategy.
IMPROVE
Property quality & operations
Streamline property management, address priority maintenance, optimize operating expenses, and enhance resident satisfaction to strengthen existing cash flow.
GROW
Rental revenue & NOI
Implement targeted unit renovations and property improvements, capture rental upside, improve leasing efficiency, and drive sustainable Net Operating Income (NOI) growth.
OPTIMIZE
Long-Term Equity Value
Maximize stabilized property performance, and pursue a strategic exit based on market conditions and investor returns.
learn more about
lochwood & courtyard
Watch the webinar with Andrew and Jade where we walk through the investment highlights, strategry and answer common questions from investors.
Watch the Webinar
fREQUENTLY ASKED QUESTIONS
Are you planning major renovations?
Not at this point. Our team walked all 432 units, and the properties were in better condition than we initially expected. Rather than spending heavily on renovations upfront, the plan is to use reserves for unit turns and targeted improvements over time.
If you raise rents, won't you lose occupancy?
We may see some impact to occupancy, but we’re not planning to raise rents across the board on Day 1. The plan is to increase rents gradually as leases renew and move them close to market rent over time. Current average rent is about $250 below market rent.
Our underwriting already assumes higher vacancy than the properties currently have.
Why are Lochwood and Courtyard being purchased together?
The are being offered as one investment because it creates operating efficiencies. With 432 units across the two properties, we can operate them with relatively similar personnel and spread certain costs across a larger unit base.
What is the minimum investment?
- New Accredited Investors: $300,000 minimum investment
- Returning Investors: No minimum investment requirement
When will distribution begin?
We anticipate the first distribution to be made in the first quarter of 2027.
At GL Capital, we believe successful real estate investing goes beyond acquiring properties. It’s about identifying opportunities, creating long-term value, and building lasting partnerships with our investors.
With over $110 million in real estate assets under management, our team brings extensive experience in multifamily acquisitions, asset management, and value-add investment strategies.