WASHINGTON, DC–Last we reported that MRP Realty acquired the 400-unit apartment building in Alexandria, Va., called Windsor at Arbors. We've learned some additional information about the sale, namely that MRP Realty partnered with Westbrook Partners in its purchase and that the property traded for $100 million or $250,000 per unit.
Other recent sales in the Washington DC area include 1000 Hampton Park Blvd., in Capitol Heights, Md., which traded for $20.3 million or $146 per square foot.
Lerner Enterprises picked up 49 L St., SE for $31 million, or $1,046 per square foot. The existing 29,640-square foot warehouse that sits on the property will be demolished.
Hersha Hospitality sold the Hyatt House Gaithersburg for $19 million, or $135,714 per unit, and Kettler sold 2321 Good Hope Court SE, a 176-unit apartment building for $25.1 million to NHP Foundation.
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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.
