Washington D.C.
JV Receives $61M Loan for MD Development
Walker & Dunlop provided a 40-year, fixed-rate HUD loan for the development of Monarch at Waugh Chapel. The apartment community will be situated midway between Washington, D.C., and Baltimore, along U.S. Route 3.
Nusbaum Opens Doors of 1st MD Project
The Fred, a 240-unit apartment community, is situated only an hour away from Baltimore and Washington, D.C. The company initially invested $50 million into the development, which broke ground last year.
Greysteel to Sell VA Affordable Housing Portfolio
The company was tapped to market Lexington Commons in Newport News, Va., and Parkwood Manor in Norfolk, Va., totaling 232 units.
UIP Snags $32M MD Community
The company purchased the 212-unit Walker House in Gaithersburg, Md., from Washington REIT. UIP plans to renovate the older apartments and some of the community common areas.
DC-Area Communities Receive $65M in Financing
HFF helped secure financing for four properties in the Washington, D.C., area. The apartment communities are situated just 30 minutes from downtown and total 920 units.
Berkadia Secures $47M Refi for DC Property
The proceeds were used to refinance existing debt and to pay off an 8 percent pre-payment penalty. The loan was secured through the HUD 223(a)(7) Loan Program.
DC Community Trades for $10M
Greysteel brokered the sale of Cascade Park Apartments on behalf of NOVO Properties, located within minutes of the Capitol Riverfront. According to Yardi Matrix data, occupancy is currently at 94 percent.
Bell Partners Acquires Annapolis Asset
The company purchased the now rebranded Bell Annapolis on West, a 300-unit community. Including this property, Bell Partners has completed $645 million in multifamily acquisitions in 2017.
McDowell Acquires DC-Area Apartment Community
CBRE brokered the sale of Carmel Alexandria, a Class A apartment community in Alexandria, Va. The property is situated near interstates 395 and 495, with downtown Washington, D.C. only 10 minutes away.
Passco Makes 2nd DC Purchase for $113M
The 360-unit luxury community in Alexandria, Va., is strategically located at the Huntington Metro Station and had a 92 percent occupancy rate at the time of the transaction.