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Westchester West $39M Deal Closes

SILVER SPRING, MD-It is a done deal. Westchester West Apartments now belongs to Berkshire Income Realty, following the REIT's closing of the $39.3-million acquisition of the 345-unit multifamily property. The former owner is BRI Westchester Limited Partnership, a Berkshire affiliate.

By Barbra Murray | Updated on February 23, 2005

SILVER SPRING, MD-The Westchester West Apartments community has found a new owner, now that Berkshire Income Realty Inc. has finalized the $39.3-million acquisition of the 345-unit multifamily property from its affiliate, BRI Westchester Limited Partnership.

Developed in 1972, Westchester West occupies a 4.5-acre spot off Interstate 495 in the 3200 block of Hewitt Avenue. For Berkshire, the buy increases its holdings in Maryland to a total of eight properties.

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