Mid-Atlantic
Richmond Multifamily Report – October 2023
Despite the general slowdown, rents are still up year-over-year.
LCOR Lands $92M for Metro DC Luxury Project
Parcel H is part of a multi-phase development that will comprise more than 1,300 units.
Bonaventure Pays $42M for Hampton Roads Asset
Completed in 2011, the property is part of a large mixed-use development.
$74M Makeover Commences at DC Affordable Properties
This project combines ground-up development and a major renovation.
Tower Cos. Lands $188M Refi for DC-Area Portfolio
PGIM Real Estate provided the fixed-rate financing.
1920s Warehouse Gets New Life in Philly Suburb
This property had been abandoned for decades before Dwight City Group redeveloped it.
Big Spring Properties Sells Southern Pennsylvania MHC
Northmarq represented the seller of the 159-homesite property.
Aspen Heights Tops Out DC-Area Student Community
The developer took out a $46.3 million construction loan.
Jonathan Rose Cos. Sells DC-Area Affordable Asset for $69M
The buyer financed the purchase with a $36 million Freddie Mac loan.
SOME Unveils DC Affordable Community
The nonprofit overcame significant supply-chain and financing challenges to complete the project.