The acquisition of The Madison at Eden Brook represents the opportunity to purchase a unique asset in the excellent submarket of Howard County in Columbia, Maryland. Acquired as part of a larger 6 property portfolio, TruAmerica intends to maximize returns on this investment by implementing a moderate renovation program to unit interiors and common area amenities. The interior renovation scope for the un-renovated units will include new flooring, appliances, as well as kitchen and vanity tops. Alterations will also be made to kitchen walls and cabinets in an effort to open up the view from the kitchen to the dining room.
The Madison is one of two properties in the portfolio located in Columbia, Maryland. Columbia has benefited greatly from the massive Fort Meade military installation, which employs over 55,000 employees. The installation has attracted a highly skilled and educated workforce and spurred massive levels of auxiliary growth in the contracting sectors in surrounding areas. This property is also just 5 minutes away from the John Hopkins Laboratory, which houses over 4,700 employees. With a county household median income of over $113,000, The Madison is positioned as a very desirable housing option in the area.
- 24 Hour Fitness Center
- Fitness Trails
- Children’s Playground
- Grilling Area