Washington, DC (October 20, 2018) – Combined Properties, Incorporated is pleased to announce the acquisition of a 192-unit garden apartment complex located in Columbia, MD.  The property formerly known as Avalon at Fairway Hills has been renamed Columbia Glade.

Columbia Glade is a 192-unit garden community located in affluent Columbia, MD, one of the most desirable submarkets in the Washington, DC area. Residents enjoy a wide array of amenities including: spacious apartments, fitness center, racquetball & tennis courts, swimming pool, WIFI in common areas, poolside BBQ, pet-friendly and more.  The location of the complex is particularly attractive as it provides easy access to Columbia Pike (Route 29) and is ideally located near The Mall in Columbia, offering 200+ retail, entertainment and dining options.

Combined Properties is aggressively entering the residential arena with a $1 billion mixed-use development pipeline.  Pendry West Hollywood (West Hollywood, CA) and Scout on the Circle (Fairfax, VA) are currently under construction with South Alex (Alexandria, VA) breaking ground in December 2018.  Columbia Glade is an acquisition that enhances and diversifies the residential business lines, as it is an operating complex that has the potential to be upgraded in the future.  The property is currently 96% leased.

“Columbia Glade will become a community known for its location and amenities, while still providing value for its residents,” said Ronald Haft, Chairman of Combined Properties.  Gary Scott, VP of National Acquisitions, who represented Combined in the transaction stated, “We are extremely pleased to add Columbia Glade to our portfolio. This is only the beginning of our revised acquisition strategy as we seek to acquire more residential complexes to broaden Combined’s presence in our core markets.”

Combined Properties Background

Combined Properties, Incorporated currently has over a $1 billion portfolio comprised of 40 retail, residential and mixed-use properties growing to over a $2 billion portfolio with over 6 million square feet including current projects under development.  In addition, it controls an additional $1 billion development pipeline in the Washington DC and Southern California metropolitan areas.  Since its founding by Chairman Ronald S. Haft, Combined Properties has always looked for the true potential of a commercial property. The Company strives to apply its creativity and expertise in development, finance, leasing and asset management to shape projects into innovative lifestyle residential, retail, and hospitality communities that instill pride and joy in the people that live, shop, and stay there.

For more information on Combined Properties, visit www.combined.biz.