Arctaris Leads $30M Conversion Investment in Baltimore
Deal News | Jan 28, 2025 | Arctaris Royalty Partners LLC
Arctaris Royalty Partners LLC has announced a significant equity investment in a new project valued at $30 million, targeting the conversion of a formerly abandoned hotel in downtown Baltimore into a 303-unit multifamily residential development. This initiative is part of an opportunity zone investment, aimed at addressing the severe housing shortage in the city. This marks the fifth investment by Arctaris in Baltimore, underscoring their commitment to urban revitalization and socio-economic development. The project not only reflects Arctaris's strategic focus on opportunity zones but also demonstrates the potential for impactful investments in sectors such as real estate and urban development.
Sectors
- Real Estate Development
- Private Equity
Geography
- United States – The investment is taking place in Baltimore, which is located in the United States.
- Baltimore – The specific location of the investment, highlighting Arctaris's focus on this city for development projects.
Industry
- Real Estate Development – The article discusses a hotel-to-residential conversion project, which is a real estate development activity.
- Private Equity – Arctaris Royalty Partners, a private equity firm, is the entity making the investment.
Financials
- 30,000,000 – The total investment amount for the conversion of the hotel into a residential development.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Arctaris Royalty Partners LLC | Investing Company | Company | A private equity firm specializing in opportunity zone investments and urban development projects. |