Cases and Deals

DRA Advisors and Morgan Properties Purchase Parke Laurel Apartments for $53.5 Million

Blank Rome represented DRA Advisors LLC in a joint venture with Morgan Properties in the purchase of the Parke Laurel Apartments, a 526-unit apartment community located in Laurel, Maryland, for $53.5 million. This transaction was financed through a $38.5 million loan from HSBC Bank. The transaction closed on September 23, 2013.