Market Rate Housing - Mid-Atlantic

JV to Develop 236-Unit DC Community
Fort Lincoln New Town Corp., The Concordia Group and Buvermo Investments plan a Class A project that will include 36 affordable units.
Market Rate
VA Property Changes Hands in $65M Deal
The JBG Cos. disposed of Fairmont Gardens, a 388-unit multifamily community in Annandale, Va., one year after acquiring it for $47 million.
Slideshow
DC-Area Community Trades for $129M
Located one mile east of Interstate 270, Fenestra was completed in 2008 and is part of the 1.7 million-square-foot Rockville Town Square.
Slideshow

Cities

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    Greystone Scores $36M for DE Deal

    The company worked with Fannie Mae and New York Mortgage Trust Inc. to secure financing for Concordia Properties, which purchased Autumn Park, a 360-unit community.

    17 August 2017 14:52

  • JV Snags $90M DC-Area Portfolio

    Besyata Investment Group and The Scharf Group purchased The Communities at Arbor Vista in the Washington, D.C., submarket of Adelphi, Md. The partnership plans to modernize both the amenities and units.

    04 August 2017 14:31

  • VA Community Sells for $115M

    An affiliate of Pantzer Properties acquired a 576-unit community located roughly 30 miles from downtown D.C. The company will rename the asset The Point at Manassas.

    26 July 2017 19:41

  • Grosvenor Launches Pre-Leasing at DC-Area Community

    Central is a 231,589-square-foot mixed-use development site that will offer 243 residential rental units above 15,080 square feet of ground-floor retail space.

    26 July 2017 19:37

  • Pillar Provides Freddie Mac Loan for Richmond Community

    The company originated a $10.4 million, 7-year loan for the acquisition of a 348-unit community located in the Bellwood. The asset has an occupancy rate of 97.4 percent.

    19 July 2017 10:04

  • Equus Sells $100M Communities in Virginia

    Chandler Management purchased two residential properties totaling 676 units in Fredericksburg, Va. The seller, Equus, purchased both assets in 2012 for a total of $74.3 million.

    17 July 2017 19:12

  • ROSS Appointed Manager of DC-Area Apartments

    The company will oversee renovations to the apartments, additional improvements and upgrades. Admiral Place marks ROSS’s fourth management assignment for the community’s new owner.

    12 July 2017 16:06

  • Baltimore Community Lands $73M HUD Construction Loan

    The 317-unit Berkleigh in Middle River is part of Baltimore Crossroads @ 95, a large-scale project that will encompass office space, retail, two hotels, 1,000 homes and two multifamily properties.

    28 June 2017 11:43

  • DC Asset Changes Hands for $3.5M

    Marcus & Millichap closed the sale of Gresham House, a 15-unit community in the Columbia Heights neighborhood of Washington, D.C. The property includes 3,358 square feet of retail and office space.

    20 June 2017 15:59

  • Upcoming VA Community Lands $24M Construction Financing

    Berkadia’s Senior Managing Director David Blake arranged a 40-year loan for the development of a 168-unit residential property in Christiansburg, Va.

    19 June 2017 20:58

  • Pillar Secures Co-Op Loan for DC Community

    The 273-unit mid-century asset received $14 million in refinancing via a fixed-rate Fannie Mae cooperative loan with a 30-year amortization schedule.

    15 June 2017 09:40

  • Richmond Community Changes Hands

    The 75-unit 2001 East Apartments, which is located close to the Church Hill Historic District, traded for $9.7 million. Rents at the residential property, which also has two commercial suites, equate to an average of $1,177.

    09 June 2017 16:39

  • Richmond Assets Trade for $6M

    Marcus & Millichap brokered the sale of The Park at Forest Hill and Chateau de Ville, two properties totaling 119 units. The communities are located within a three-minute drive of each other.

    29 May 2017 13:30

  • Richmond Development Scores $40M Construction Loan

    Berkadia arranged the financing on behalf of the developer, HHHunt Corp. First units will be available for occupancy by summer of 2018, and the community will be completed next summer.

    26 May 2017 16:02

  • Baltimore Community Sells for $31M

    The 390-unit Marble Hall Gardens previously changed hands in 2007, when Tryko Partners acquired the Class C asset from Lightstone Group for $13.2 million.

    25 May 2017 08:01