PRESS RELEASE

Frederick Affordable Housing Townhomes Trade for $24M

RailField Partners and L+M Development Partners acquired Overlook at Avalon, a 113-unit affordable townhouse community in Frederick, Md., for $24 million from KB Companies. The acquisition was made on behalf of the RLM Preservation Fund.

Greysteel Advisory Expertise

Greysteel is a commercial real estate advisory firm specializing in investment sales and debt and structured finance, serving private investors, middle-market operators, and institutional clients nationwide.

The firm provides sector-focused advisory across multifamily, healthcare, and affordable housing and other commercial real estate asset classes, delivering market intelligence, capital markets expertise, and disciplined execution.