WASHINGTON, DC–Local deals in the multifamily space continue to surface this week, both confirmed and rumored.
One deal that is, according to a source, still pending is the Windsor at Shirlington Village, a 404-unit property that our source says is trading at around $144 million, or $356,436 per unit to Waterton Associates. The company did not return a request for comment from GlobeSt.com. Our source says the deal is being financed with a large Freddie Mac loan.
Separately a JV between Besyata Investment Group and the Scharf Group, both New York City-based family offices, has acquired a 1960s vintage three-building garden complex in Adelphi, Md.,for $90 million. This is a value-add play for the companies, which intend to make improvements to the properties — called Arbor Vista, Sienna Creek, and Sienna Gardens. There are 675 units all together.
Eastern Union Funding arranged the acquisition financing for this deal — a $73.5 million loan at a 3.35% rate.
This week we also reported that Pantzer Properties acquired Hampton Hollow in Silver Spring, Md., for $39.6 million, which followed its $115 million deal for Chatsworth Park in Manassas, Va.
WASHINGTON, DC–Local deals in the multifamily space continue to surface this week, both confirmed and rumored.
One deal that is, according to a source, still pending is the Windsor at Shirlington Village, a 404-unit property that our source says is trading at around $144 million, or $356,436 per unit to Waterton Associates. The company did not return a request for comment from GlobeSt.com. Our source says the deal is being financed with a large
Separately a JV between Besyata Investment Group and the Scharf Group, both
Eastern Union Funding arranged the acquisition financing for this deal — a $73.5 million loan at a 3.35% rate.
This week we also reported that Pantzer Properties acquired Hampton Hollow in Silver Spring, Md., for $39.6 million, which followed its $115 million deal for Chatsworth Park in Manassas, Va.
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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.
