ROSS Companies Acquires Versailles Apartments in Towson, Maryland
December 12, 2017
ROSS buys 210-unit community and will also manage the property
TOWSON, Md., Dec. 12, 2017 — ROSS Companies, a leader in multifamily acquisition, property management and renovation in the Mid-Atlantic region, today announced it has acquired Versailles Apartments, a 210-unit community in Towson, Md. ROSS Management Services will manage the community, and ROSS Renovation & Construction will oversee a renovation program to include common-area improvements as well as interior renovations in select apartments.
Located in the residential part of West Towson, this pet-friendly community is near numerous dining and shopping options, private and public schools and universities, and renowned medical facilities. With the property’s proximity to Interstates 695 and 83, residents of Versailles Apartments have easy access to the entire Baltimore metro area, including many sports and entertainment venues in and around downtown Baltimore.
“We are excited about acquiring Versailles Apartments,” said Scott Ross, president of ROSS Development & Investment. “It’s located in a thriving submarket and offers residents access to a comfortable and exciting lifestyle. With all that the community has going for it, we are confident that Versailles will become the first choice for residents seeking a best-in-class living experience in this submarket. It is clearly well positioned for long-term success.”
“Our management will focus on enhancing the lifestyle of our residents with a customer- and technology-centric approach,” said Dave Miskovich, CEO of ROSS Management Services. “As with all communities we manage, we will build strong personal relationships with our residents, focusing heavily on customer satisfaction to make living at Versailles Apartments a truly outstanding experience.”
Situated just 10 miles north of Baltimore’s city center, Versailles Apartments offers convenient access to Towson University, Johns Hopkins University, Notre Dame of Maryland University (Maryland’s only women’s college) and Loyola University Maryland. The community also is close to the Towson Town Center, which features a wide array of retailers and restaurants, including J.Crew, an Apple computer store, Macy’s, Nordstrom, P.F. Chang’s and Stoney River Steakhouse and Grill. Other nearby attractions include Lake Roland Park, which offers hiking and biking trails, fishing, boating and an off-leash dog park; the Maryland Zoo in Baltimore; Pimlico Race Course; and the Maryland State Fairgrounds.
As for community amenities, Versailles Apartments features a gated entry, children’s playground, business center, onsite car wash, pool with a spacious sun deck, 24-hour emergency maintenance, fitness center and a clubhouse with a resident community room.
Versailles Apartments offers one-, two- and three-bedroom apartment homes. The apartments feature full-size washers and dryers, private patios and balconies, energy-efficient windows and wall-to-wall plush carpeting.
About ROSS Companies
ROSS Companies, founded in 1983 in Bethesda, Md., is a recognized leader in multifamily acquisitions and investment, development, property management and renovation. With a managed portfolio of more than 14,000 apartment homes in more than 30 communities, the privately held company is one of the most active multifamily real estate firms in the Mid-Atlantic region, and is recognized for its ability to deliver profitable communities and to drive high levels of resident satisfaction. ROSS Companies is comprised of three affiliates – ROSS Development & Investment, ROSS Management Services and ROSS Renovation & Construction. In 2018, ROSS Development & Investment is celebrating its 35thanniversary and ROSS Management Services will celebrate 28 years in business. In 2017, ROSS Management Services was honored for the third consecutive year with a National Resident Satisfaction Award from SatisFacts. Also in 2017, it was announced that 14 ROSS-managed apartment communities had been awarded the Apartment Ratings’ Top Rated Award for 2016, reflecting ROSS Companies’ unwavering commitment to customer satisfaction. These annual awards recognize communities with outstanding resident satisfaction ratings as measured on ApartmentRatings.com. For more information about ROSS Companies, visit TheRossCompanies.com.