Peak Management of White Marsh acquired Annen Woods in Pikesville, a 131 unit garden style apartment complex built in 1987. The purchase price was $24.5 million and increases Peak Management’s local inventory by about 3% to a total portfolio of 3,000 units.

Apartments at the community were renovated in 2013 and Peak plans a program of upgrades to appliances, countertops and amenities such as the gym. Current rents start at $1,215 for a 1BR + Den up to $1,845 for a large 3BR 2BA unit.