Mid-Atlantic
Historic Richmond High-Rise Sells for $39M
Built in 1913, the 19-story First National Bank building was the city’s tallest tower at that time. In 2012, its owner converted the property into a 154-unit community.
Republic Properties Acquires $78M VA Asset
CBRE arranged the sale of Crystal Woods of Alexandria, a value-add community that offers a fitness center, 25 laundry facilities and 450 parking spaces.
Luxury Community Breaks Ground in Capitol Hill
With delivery planned for 2020, Foulger-Pratt’s Beckert’s Park in D.C. will feature 325 units and 68,000 square feet of ground-floor retail, including a Safeway store.
SVN Brokers MD Student Housing Sale
The 48-bed community dubbed The Allston features a mix of studio and one- to three-bedroom units that serve students attending Johns Hopkins University.
Baltimore-Area Luxury Property Breaks Ground
The 114-apartment community is part of the of the Metro Centre at Owings Mills mixed-use development, which will include a total of 1,700 residential units.
PCCP, Insight Property Acquire $132M VA Community
Oakwood Falls Church comprises 576 units across four buildings and offers residents access to a 15,000-square-foot clubhouse, an on-site convenience store and a hot tub.
Combined Properties Snags VA Asset for $41M
Reston Glade includes 200 units and has a 96 percent occupancy rate.
Value-Add Virginia Beach Property Trades for $52M
Seminole Trail Properties has purchased Mariner’s Cove, a 458-unit garden-style community situated within walking distance of two shopping centers.
Baltimore-Area Community Changes Hands for $8M
Built in 1946, the 93-unit property includes 12 garages. The new owner plans to continue the interior renovation of the apartments and make improvements to the amenities.
Walker & Dunlop Arranges $40M for Hotel-to-Multifamily Makeover
The firm structured equity and debt financing for The Mark, a 227-unit community in Alexandria, Va. Northpoint Realty Partners and Persimmon Capital Partners are the project sponsors.