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Two Multifamily Deals; Two Different Stories

WASHINGTON, DC--JLL has brokered two separate deals that reflect different aspects of the multifamily market.

By Erika Morphy | erikamorphy | Updated on December 15, 2016

Dominion Towers

WASHINGTON, DC–JLL just announced it has closed the sale of two multifamily properties in the area in two separate transactions. While completely unrelated except for JLL’s role, the deals provide an interesting snapshot of two different aspects of the area’s apartment market.

On behalf of MacFarlane Partners, JLL closed the sale of Dominion Towers, a 330-unit multifamily asset located in Arlington, Va. Capital Investment Advisors purchased the asset for $63.3 million. Christine Espenshade and Robert Garrish led the JLL team on the transaction.

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