JMG Realty, Inc. today announced they have been selected as the managing agent for a $236 million, six (6) property Multifamily Portfolio acquired in a venture between Ares Management and TruAmerica Multifamily.

The 1,402 unit portfolio is spread across some of the strongest multifamily markets in the greater Baltimore metropolitan market:

Dominion at Eden Brook  - Columbia, MD

Dominion Kings Place - Columbia, MD

Lakeside Mill - Owings Mills, MD

Ellicott Grove - Ellicott City, MD

Arborview at Riverside & Liriope - Belcamp, MD

Dominion Constant Friendship - Abingdon, MD

The properties are well located near major military, government and corporate employers in the area. The portfolio will have a multi-million dollar renovation program instituted to renovate and reposition the portfolio. Exterior and interior upgrades will consist of significant improvements to landscaping, building exteriors, exterior painting as well as appliance packages, countertops and cabinets for the interiors.

With properties already located in Maryland and Virginia, JMG's Mid-Atlantic footprint continues to grow, prompting the establishment of a new office in the Baltimore area.