Mid-Atlantic
Affordable Community in North DC Changes Hands
The 59-unit Fort Stevens Place was acquired by Community Preservation & Development Corp., who intends to continue operating it as an affordable community.
Walker & Dunlop Snaps Up $4B Mortgage Servicing Portfolio
The company made the purchase for $44.6 million.
Invesco Buys Brand-New Bethesda Apartments
The community is a 359-unit high-rise residential property with ground-floor retail.
Top 10 NYC Multifamily Sales in May 2016
Check out the latest data from Property Shark and discover the priciest multifamily apartment deals in NYC recorded in May 2016. Find out the one borough which managed to put up a fight against Manhattan, who some of the top deal makers were, and what the kings of New York real estate are buying up now. 1. Sale Price: $75,400,000 Buyer: US-Dev Associates II LLC Seller: 85 East 10th and 112-120 East 11th Street LLC Part of a larger $127M deal which incorporates 6 East Village buildings, this property is slated for new development. New owners, Lightstone, are expected…
Yardi Matrix: Washington, DC’s Widespread Growth
Fueled by a healthy employment landscape and an increasing population, Washington, D.C., offers its multifamily sector plenty of positive attributes.
ROSS Nabs 254-Unit Community in Maryland
The multifamily firm plans to implement building improvements and a digital marketing strategy at its newly acquired Horizon Square in Laurel, Md.
Bell Partners Scoops Up Washington Metro Community
The apartment investment company acquired a 189-unit community in Annapolis, Md., marking its fifth acquisition this year.
Massive Development Near Dulles Airport to Include 1,200-Plus Multifamily Units
A joint venture has started work on an 85-acre site called The Hub.
Baltimore-Area Apartments Get New Property Manager
ROSS will manage Towson Woods, a 168-unit apartment community in Towson, Md.
Top 10 NYC Multifamily Sales in April 2016
Trendy Brooklyn may have come out on top in this new data set, but overall recorded sales in April 2016 were dominated by transactions in Manhattan. Of special note is the continuing appetite for income producing properties in Washington Heights and Long Island City. 1. Sale Price: $79,672,500 Buyer: Eqr-North Ninth Ii LLC Seller: Em N9 LLC, Fpg 237-263 North 9TH Property LLC Despite rumors of shedding billions of dollars of apartments late last year and early in 2016, Sam Zell’s Equity Residential boldly picked up these Williamsburg apartment buildings last month. 2. 42-15 Crescent Street, Queens Sale…