Mid-Atlantic
Starwood REIT Buys $645M of Affordable Housing
The trust managed by Starwood REIT Advisors has acquired two portfolios totaling 4,618 units in the Mid-Atlantic and Sunbelt regions.
Lerner Lands $26M Refi for Washington, DC-Area Townhomes
Capital One provided the loan for City Center Townes, a 66-unit community near Dulles Town Center.
FORTIS Breaks Ground on Condos Near Amazon HQ2
The planned 2022 delivery of Dylan in Alexandria, Va., coincides with the opening of the new Potomac Yard Metro Station situated five minutes away.
MidAtlantic Realty JV Lands $47M for Washington, DC Apartments
The project will be part of the first phase of a $700 million mixed-use, mixed-income NoMa redevelopment.
Gilbane Breaks Ground on Maryland Student Housing Project
The 978-bed Tempo will be adjacent to the University of Maryland in College Park and is scheduled for completion in 2022.
Foulger-Pratt Secures $45M Loan for Washington, DC-Area Community
Berkadia provided the financing for the purchase of the 210-unit Heritage at Silver Spring in Maryland.
Balancing Business Needs With Safety Requirements
More than seven months into the pandemic, Dodson Property Management’s Duke Dodson and Sarah Fehr discuss the Richmond, Va., multifamily market.
Kushner Acquires Richmond-Area Portfolio in $113M Deal
The three-asset portfolio last changed ownership in 2016 for $68.5 million.
Washington, DC, Multifamily Report – Summer 2020
While relatively well insulated for the current downturn, the metro’s fundamentals recorded some softening over the past two quarters.
Capital Square Secures Construction Loan for Virginia OZ Project
The firm will use the financing for a mixed-use community in the Scott’s Addition Opportunity Zone in Richmond, Va.