Washington D.C.
DC Development Gets $192M in Financing
A joint venture of MRP Realty and FRP Development Corp. is building Bryant Street, a 1,500-unit, mixed-use property in the northeast area of the city.
Washington, DC, Multifamily Report – Spring 2019
Despite a boost in development, absorption has kept up pace and the occupancy rate in stabilized properties inched up 20 basis points year-over-year, to 95.3 percent.
Equity Residential Buys DC-Area Apartment Community
HFF marketed the property in Rockville, Md., on behalf of the seller, a partnership of Hanover Co. and Berkshire Residential Investments.
WashREIT Closes First Tranche of $461M Multifamily Deal
The trust paid $379.1 million to acquire five communities totaling 1,685 units in Northern Virginia, as part of a larger portfolio acquisition that will be funded through the sale of office and retail assets.
Richmond-Area Community Commands $46M
Colliers International represented a joint venture between McCann Realty Partners and Artemis Real Estate Partners in the sale of the 294-unit Hickory Creek Apartments.
JV Breaks Ground on 2 DC Communities
Developers Urban Atlantic, Hines and Triden Development Group will deliver 390 market-rate and affordable housing units through The Vale and The Brooks, located within The Parks at Walter Reed.
Berkadia Arranges $125M Financing for VA Properties
Totaling 655 units, the upcoming Magnolia Green Apartments and Faraday Park at Reston Station communities are located in Moseley and Reston.
Morgan Properties Acquires 4,130-Unit Portfolio
Metro Philadelphia’s largest-ever multifamily deal, the acquisition makes Morgan the largest owner-operator in the market.
Avanath Buys Maryland Senior Community
Delivered in 2006, the 102-unit Victoria Park at Edgewater in Anne Arundel County traded for a little over $11.3 million.
TGM Associates Buys 2nd Community in Manassas, VA
The company plans to implement a thorough renovation program to the community, including in-unit renovations and improvements to the common-area amenities.