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Canadian Venture Finalizes $129 Million Purchase of The Fenestra at Rockville Town Square

CIM Group Sells 492-Unit Apartment Complex in Downtown Rockville
By Julianne Kapelka
August 22, 2017 | 7:17 P.M.

In a 50-50 venture, Mississauga, Ontario-based firms Morguard North American Residential REIT and Morguard Corp. have acquired The Fenestra at Rockville Town Square in Rockville, Maryland, from CIM Group for $129 million, or about $262,000 per unit.

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