Mid-Atlantic
Skanska Sells DC Project to Northwestern Mutual
The firm sold RESA, a 326-unit luxury residential community and part of a mixed-use development, for approximately $141 million.
Bell Partners Snags Virginia Apartments
The purchase of the 217-unit Twenty400 brings the firm’s portfolio of owned and managed assets in the Washington, D.C., metro to 22 communities and more than 6,800 homes.
Berkadia Wraps Las Vegas, DC Metro Deals Worth $92M
The company arranged a $63.2 million refinancing for a 340-unit community in Falls Church, Va., and completed the sales of two multifamily properties totaling 331 units in Nevada.
NHI Venture Buys Senior Housing Portfolio for $128M
The REIT has teamed up with affiliates of its existing tenant, Discovery Senior Living, to acquire six communities across three states, totaling nearly 600 units of independent and assisted living and memory care facilities.
Washington Property Co. Delivers Maryland Project
The 20-story, 338-unit luxury community in Silver Spring is about half leased. The transit-oriented development marks another milestone for the city’s evolving Ripley District.
Aria Delivers Mixed-Income Units to DC
The Clifton, which has 156 market-rate and affordable units ranging in size from studios to four bedrooms, is located in Washington, D.C.’s 14th Street Corridor.
Richmond Multifamily Report – Spring 2019
The metro’s apartment market remained unfazed by last year’s modest employment gains and rents were up 3.4 percent year-over-year as of March, above the national average.
EJF Capital Backs $95M DC Development
The alternative investment manager has teamed up with Donatelli Development and Blue Skye Development on the 262-unit multifamily community within an Opportunity Zone.
Virginia Community Lands $30M Grant
The federal funds will go toward redeveloping the 256-unit Ridley Place public housing and the surrounding neighborhood. Pennrose is the master developer of the project.
MD Project Lands $75M Construction Loan
Calvin Cafritz Enterprises obtained the financing to develop the Residences at Riverdale Park Station, a 229-unit property within a larger mixed-use community in Riverdale Park, outside of Washington, D.C.