Mt. Royal Management, a Baltimore-based property management group, has ventured outside its home state to acquire its first rental property in Delaware, closing on the purchase of Emblem at Christiana from New York Life Real Estate Investors for $76 million.
Delaware apartment complex purchased by Baltimore management firm for $76 million
New York Life Real Estate Investors sells 245-unit Emblem at Christiana after five-year hold
By Samuel Murch with
January 15, 2026 | 9:43 P.M.
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IN THIS ARTICLE
- Properties
- Emblem at Christiana
1150 Helen Dr, Newark, DE
- Companies
- Mt Royal Management, LLP
Real Estate
- New York Life Real Estate Investors
Real Estate
- Contacts
- Peter DiLullo
Senior Vice President, CBRE
- Spencer Yablon
Senior Vice President, CBRE
- Adrian Sam
Associate, CBRE
- Brad Megay
Vice President, CBRE
- Nick Murray
Senior Associate, CBRE