St. John Properties Marks BTR Debut with $37.2M Baltimore-Area Acquisition
St. John Properties and Somerset Cos. acquire The Villas at Patapsco Glen, a 111-unit build-to-rent community in Windsor Mill, MD, from Lennar Corp.
By: AXL Media
Published: Mar 12, 2026, 6:31 AM EDT
Source: https://www.multihousingnews.com/
Asset Profile: The Villas at Patapsco Glen
Completed by Lennar in 2025, the community is designed to cater to families and professionals seeking a suburban residential experience without the barrier of homeownership.
Home Configurations: The property offers high-square-footage three- and four-bedroom floorplans, reaching a maximum size of 2,727 square feet.
Property Features: Each home includes an attached one- or two-car garage.
Amenities: Residents have access to a clubhouse, a resort-style swimming pool, and multiple playgrounds.
Strategic Location and Connectivity
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