Holliday Fenoglio Fowler, L.P. (HFF) announces the closing of NOVUS Odenton, a 244-unit, Class A luxury apartment property in Odenton, Maryland.

The HFF team marketed the property on behalf of the seller, a joint venture between Cafritz Interests and Clark Enterprises, Inc. Crow Holdings Capital – Real Estate purchased the offering free and clear of existing debt.

NOVUS Odenton is located at 315 Nevada Avenue within a five-minute walk to the Odenton MARC train station, which provides service into both the Washington, D.C. and Baltimore CBDs. In addition to accessibility to Interstate 95 and the Baltimore-Washington Parkway, the property is adjacent to rapidly growing Fort Meade, which is currently home to more than 55,000 employees and more than 11 million square feet of office space with an additional one million square feet of space in development for the National Security Agency (NSA). NOVUS Odenton features a mix of one-, two- and three-bedroom units with luxury amenities, including nine-foot ceilings, granite countertops, faux wood plank flooring, oversized soaking tubs, full linen closets, walk-in closets, in-unit washers and dryers and screened-in porches or balconies. Common area amenities include a Mondrian-style swimming pool with lap lane, patios with outdoor cooking areas, 5,000-square-foot health club, yoga room, clubroom, theater and media room, children’s amphitheater, wetlands viewer with game room and kitchen, pet grooming salon and bike storage/repair.

The HFF team representing the seller included managing director Walter Coker, senior director Brian Crivella and senior managing director and Maryland licensed real estate broker Steve Conley.

“We are excited to have been involved with the disposition of NOVUS Odenton and believe the high caliber of the responses from the market are emblematic of the best-in-class nature of this asset,” said Crivella.

About NOVUS

Formed in 2011, NOVUS Residences LLC is the multifamily component of Cafritz Interests with a specific focus on value creation through property development, acquisition, adaptive reuse, construction management, asset management and property operations. NOVUS is currently pursuing growth opportunities within the metropolitan Washington, D.C. area, with an eventual goal of bringing NOVUS quality, style and value to select markets throughout the U.S.

About Clark Enterprises, Inc.

Clark Enterprises, Inc. (CEI) is a diversified investment company based in Bethesda, MD that was founded in 1972. CEI has been an active real estate investor since its inception, growing its real estate portfolio to approximately $1 billion of CEI equity value. The CEI portfolio includes stabilized assets and development projects totaling 2,500,000 square feet of office space, 7,000 residential units, and 900 hotel rooms primarily located in the Washington, DC area. For further information, please visit www.clarkenterprises.com.

About Crow Holdings Capital – Real Estate

Crow Holdings Capital – Real Estate (CHC – Real Estate) is a prominent, North American-focused asset manager of private equity real estate funds. Since 1998, CHC – Real Estate and CHC-affiliated entities have managed eleven funds with equity capital totaling approximately $6.85 billion, with which over 18.4 billion in assets have been acquired or developed. CHC – Real Estate’s funds are designed to generate current income and benefit from the capital appreciation of portfolio investments. For more information please visit crowholdingscapital-re.com.

About HFF

HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). For more information please visit hfflp.com or follow HFF on Twitter @HFF.