9530 Baltimore Ave College Park, MD 20740

This multifamily property is conveniently located near the University of Maryland (UMD), providing access to the free UMD shuttle. Mazza residents are within 0.9 miles, or a ten-minute shuttle drive to campus. The location also offers convenient access to over 50 retail, dining, and recreational activities within a 3-mile radius. 87% of the unit mix is master leased by Howard University for the 2024-2025 academic year. The UMD student housing market is currently 92% occupied and 64% preleased for the 2024-2025 academic year. Public, on-campus student housing supply can only support 60% of the student population, resulting in effective rents growing 22% over the past five years. UMD is an R1 Research University, ranking 13th among public institutions by the 2024 Forbes’ America’s Top Colleges with $834 million in awards for research and other sponsored activities in 2023. The Terrapin Commitment allocates $20 million annually in financial aid. UMD is undergoing expansion, including the $3.6 billion Purple Line light rail, a 2 million square foot Greater College Park connecting Discovery District and academic buildings, and a campus-wide renovation aimed to help achieve UMD’s sustainability goals. The property is within a 30-minute drive to Washington D.C., the sixth-largest metropolitan area in the U.S., which saw the seventh-highest population growth of 1.2% in 2023, and is home to 6.3 million residents.