Mid-Atlantic
VA Property Changes Hands in $65M Deal
The JBG Cos. disposed of Fairmont Gardens, a 388-unit multifamily community in Annandale, Va., one year after acquiring it for $47 million.
Waterton Secures DC-Area Luxury Community
Built in 1992, the 404-unit Citizen at Shirlington Village will undergo renovations to its unit interiors and common areas.
DC-Area Community Trades for $129M
Located one mile east of Interstate 270, Fenestra was completed in 2008 and is part of the 1.7 million-square-foot Rockville Town Square.
AvalonBay Obtains $185M Refi for 3 Properties
The portfolio features 1,384 units located in Los Angeles, Calif., and in Laurel, Md. Bellwether Enterprise facilitated the loans.
Greystone Scores $36M for DE Deal
The company worked with Fannie Mae and New York Mortgage Trust Inc. to secure financing for Concordia Properties, which purchased Autumn Park, a 360-unit community.
The Residences at Annapolis Junction Welcomes Residents
The 416-unit luxury property is the residential component of a mixed-use TOD developed by Somerset Construction and Armada Hoffler in Howard County, Md. The project will also include an intermodal parking structure, Class A office space and retail.
Enterprise Homes Triples Footprint with Mid-Atlantic Buy
Acquired from The Shelter Group, the portfolio comprises 43 communities in Pennsylvania, Maryland and Virginia. Enterprise plans to keep the properties affordable.
JV Snags $90M DC-Area Portfolio
Besyata Investment Group and The Scharf Group purchased The Communities at Arbor Vista in the Washington, D.C., submarket of Adelphi, Md. The partnership plans to modernize both the amenities and units.
Berkadia Taps Senior Housing Lead
With nearly two decades of industry, Tim Cobb joins the firm’s D.C. office as managing director & senior housing and health care investment sales lead.
VA Community Sells for $115M
An affiliate of Pantzer Properties acquired a 576-unit community located roughly 30 miles from downtown D.C. The company will rename the asset The Point at Manassas.