FC for Maryland TOD P3

Sovren - Gilbane

Developer Gilbane has reached financial close on its Sovren housing P3.

The project will see a 293-unit residential developmetn built near West Hyattsville Metro Station in Hyattsville, Maryland.

M&T Bank, Santander, Amazon's Housing Equity Fund and Prince George's County Housing Investment Trust Fund will provide debt on the deal.

The development is set to be open from Fall 2024.