Mid-Atlantic
CBRE Brokers Sale of 244-Unit Affordable VA Community
EBEX Holdings and FriedLam Partners purchased Ashton Heights in Roanoke. Jeff Kunitz and Alex Medeiros of CBRE Affordable Housing, together with Charles Wentworth and Peyton Cox of CBRE Richmond, arranged the sale.
VA Community Trades for $8M
Built in 1981, Maple Ridge Apartments is located in Lynchburg, Va. and features 152 units. The asset was purchased by Aria Legacy Group.
DC Community Receives $58M Loan
Citizens Bank arranged the loan for a 295-unit, Class A apartment community located in the Brookland neighborhood, northeast of the city center.
The Lindley Tops Out in MD
One of the first significant residential community additions in the Chevy Chase area in decades, EYA’s community will feature 200 units spread across 11 stories.
Top 10 Posts from 2017
Miss out on any MHN articles? Catch up with our most popular posts of the year.
Investors Stay Bullish, Rent Growth Slows in Baltimore
Although fueled by demand for live-work-play communities and an ongoing urban development surge, the city’s multifamily market fundamentals continue to lag behind the national trend.
Affordable MD Townhomes Undergoing $14M Rehab
Seventy-five of the units in Scotland Community will receive both interior and exterior renovations, with funds provided by the Low Income Housing Tax Credit.
DC-Area Luxury Tower Tops Out
Gallery Bethesda II rises 17 stories and will provide 240,000 square feet of luxury apartments and ground-floor retail. The project was designed according to LEED Gold requirements.
$277M MD Portfolio Changes Hands
The four-asset NOAH portfolio brings Morgan Properties’ total multifamily investments to $1.2 billion and more than 8,600 units during the past year.
Hunt Obtains $23M Financing for VA and MD Assets
The company provided an acquisition loan for the 176-unit Trellis at Lee’s Mill Apartments in Newport News, Va., as well as a refinancing loan for the 162–unit Hickory Hill Apartments in Frederick, Md.