Mid-Atlantic
Capital Square 1031 Completes VA Multifamily Purchase
The firm acquired Summit at Bon Air Apartments in a Richmond, Va., suburb through a Delaware statutory trust (DST) offering that was fully subscribed by 61 investors.
Hunt Arranges Refi for 2 VA Communities
The company secured the 10-year term Fannie Mae loans for Fay Street and Fort Colliers. The properties total 150 apartments and are located in Winchester.
Blackfin, GMF Acquire 600-Unit Community in Virginia Beach, VA
The value-add acquisition of Baker Crossing marks the companies’ first partnership. The property last changed hands in 2005 for $31.5 million.
JV Acquires MD Community for $43M
The Donaldson Group, Declaration Capital and Angelo, Gordon & Co. purchased the 288-unit Plaza Towers in Hyattsville. The new owners will implement a capital improvement plan to modernize the property.
Pollack Shores Enters Mid-Atlantic Market
The company acquired The Flats at West Broad Village, a 339-unit apartment community in Glen Allen, roughly 15 miles from Richmond, Va.
Baltimore Multifamily Report – Winter 2019
Despite a cycle peak in new apartment developments last year, demand remained strong, maintaining occupancy within a relatively tight range.
Mitsui Fudosan, ZOM Living Break Ground on MD Community
The joint venture has launched construction of Maizon Bethesda, a transit-oriented development with 229 apartment units in Bethesda.
In Case You Missed It: MHN’s Top 5 Posts in February
Miss any of our articles? Catch up with five of our most popular posts for the month.
Mill Creek Residential Kicks Off VA Mixed-Use
The lifestyle center taking shape in Falls Church will include 394 apartments and 90,000 square feet of retail space, slated for completion in the summer of 2021.
Affordable VA Community Commands $10M
Community Preservation Partners intends to renovate Royal Arms, a 144-unit property in Front Royal. The deal marks the rehabilitation company’s second affordable housing purchase in the state.