The property was renovated in 2012 and has a historic occupancy of at least 90 percent.
Both multifamily communities have undergone extensive renovations recently.
Located in one of the hottest submarkets in the city, the asset was sold for a top per-unit price.
The 15-story, 111-unit asset will become a part of the Living by BridgeStreet brand.
The 104-unit, two-building property changed hands free and clear of existing debt.
The property offers subsidized one-, two- and three-bedroom units for low-income families in Washington, D.C.
The 112-unit apartment building on the H Street corridor is set to open in 2018.