Mid-Atlantic
Overcoming Economic Challenges in the Mid-Atlantic
After navigating multiple recessions, Continental Realty Corp. is again recalibrating its strategy. Vice President Ari Abramson gives an update on the region’s multifamily market trends.
Erkiletian Lands $142M Loan for Washington, DC-Area Community
The recently completed property near the Potomac River in Arlington, Va., offers 360 luxury units across 12 stories.
DF Ventures Pays $50M for Maryland Apartments
Drucker + Falk’s business unit acquired a 240-unit property in Silver Spring with plans to embark on a value-add and rebranding program.
Bell Partners Picks Up Suburban Washington, DC, Community
Fairfield Residential had owned the 464-unit residential property for the last decade.
Mixed-Income Communities Open in Richmond’s Jackson Ward
The $30 million second phase of the revitalization project has 154 units designated for seniors and workforce housing.
Macerich JV Lands $95M Refi for Virginia Tower
The 429-unit Tysons Vita is adjacent to the Tysons Corner Center shopping mall and office tower in Tysons, Va.
Richmond Multifamily Report – Fall 2020
While transaction activity nearly halted, rents continued to improve, outperforming the U.S average.
The Ingerman Group Sells Delaware Affordable Asset
The company cashed in almost $20 million for the 132-unit property in Dover.
Work Starts on Office-to-Apartment Conversion in Virginia
Lowe and USAA Real Estate plan to deliver 435 units across two towers in Alexandria’s Park Center complex.
Armada Hoffler Buys Maryland Luxury Property
The REIT had previously been a mezzanine lender to the developer and seller of the 416-unit The Residences at Annapolis Junction.