Mid-Atlantic
Multifamily Investment in 2019: Finding Opportunities in DC
Bob Kettler, chairman & CEO of KETTLER, discusses how the firm has leveraged strong local knowledge with technology solutions to generate solid returns in a dynamic market.
Breeden Co. Launches Construction of VA Community
Located near Chesapeake Bay, the $30 million Pinewell Station development features three buildings encompassing 145 units.
Capital Square 1031 Acquires VA Property for $70M
Walker & Dunlop Inc. arranged $45.3 million in financing for the purchase of Bellemeade Farms, a 316-unit community in Leesburg.
Aulder Capital Pays $44M for MD Community
The previous owner implemented more than $7 million in capital improvements, which included renovating Walker Mill Apartments’ common areas and building systems.
197-Unit DC Property Changes Owner
Strategic Realty Holdings acquired Highland Ridge in Capitol Heights, Md. Greysteel facilitated the $22.1 million deal on behalf of the seller and procured the buyer.
Four Mile Capital Expands VA Footprint
The firm purchased a two-property portfolio totaling 234 units and plans a capital improvement plan to upgrade interior units and amenity spaces.
CAPREIT Sells Affordable Active-Adult Asset in Metro DC
The buyer selected ROSS Cos. to oversee property management operations and a capital improvement project at the active adult community.
Howard University Expands Partnership with Corvias
The public-private partnership has already completed the $71M renovation of two residence halls housing more than 2,000 students and staff in Washington, D.C.
Gellar Associates Acquires Baltimore Asset
The buyer, Geller Associates, opted to finance the acquisition under Fannie Mae’s Green Rewards program and will implement energy and water saving measures.
David S. Brown Names Residential Division VP
Anne Angel has more than 30 years of experience in business and real estate. In her new role, she will oversee leasing and marketing activities.