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UPDATE: Winkler Sells Multifamily Portfolio for $900M

ALEXANDRIA, VA-The Mark Winkler Co. residential portfolio, a collection of 12 multifamily properties, sells in three deals totaling $900 million. The real estate company has already sold its office and retail holdings, so the disposition of its multifamily assets marks its departure from real estate.

By Barbra Murray | Updated on March 15, 2006

(To read more on the multifamily market, click here.)

ALEXANDRIA, VA-The Mark Winkler Co. residential portfolio has just been sold off in three separate transactions valued at an aggregate $900 million. Consisting of 12 nearly fully leased apartment properties, the portfolio features more than 5,000 units located in various areas of Northern Virginia.

The JBG Cos. walks away with the bulk of the portfolio, taking 10 of the properties. With the disposition of its multifamily assets, Winkler bows out of the real estate market; the company already sold off its office and retail holdings. The multifaceted disposition was orchestrated on behalf of Winkler by Bill Roohan, Andy Boyer, Mike Muldowney, John Sheridan, and Jonathan Greenberg of real estate services firm CB Richard Ellis.

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