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Source: Northern Virginia Apartment Portfolio Trades For $358M

Starwood Capital and Bainbridge Cos. have sold their local portfolio to a JV between a private investor and JP Morgan, our source tells us.

The Amberton. Photo by Starwood/Bainbridge

BULL RUN, VA–A source has told us that a six-asset, 1,428-unit apartment portfolio located in Virginia has traded for about $358 million. The seller of the portfolio, which is located in such markets as Bull Run, Lorton and Centreville, is a JV between Starwood Capital and Bainbridge Cos. Our source tells us the buyer is a JV between a private investor and JP Morgan.

The properties in the portfolio include:

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Erika Morphy

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.

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