ARLINGTON, VA–A source tells GlobeSt.com that USAA Real Estate in San Antonio, Texas has sold a three-asset apartment portfolio for $267 million. ** Two of the properties are in Northern Virginia and the third is in Charlotte, NC.
The properties are the Beacon Clarendon at 1200 N Irving St., 1919 Clarendon Blvd. and 1100 South Blvd. in Charlotte, NC. All together they total 709 units.
A call by GlobeSt.com requesting comment to USAA was not returned. We will update this story if we get a response.
** And earlier version of the article stated that the source said Courtland Partners was the acquirer. Courtland Partners, which was not able to return a call requesting comment yesterday, informed us it was not the acquirer of those three assets.
ARLINGTON, VA–A source tells GlobeSt.com that USAA Real Estate in San Antonio, Texas has sold a three-asset apartment portfolio for $267 million. ** Two of the properties are in Northern
The properties are the Beacon Clarendon at 1200 N Irving St., 1919 Clarendon Blvd. and 1100 South Blvd. in Charlotte, NC. All together they total 709 units.
A call by GlobeSt.com requesting comment to USAA was not returned. We will update this story if we get a response.
** And earlier version of the article stated that the source said Courtland Partners was the acquirer. Courtland Partners, which was not able to return a call requesting comment yesterday, informed us it was not the acquirer of those three assets.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
