205 Century Place in Alexandria
WASHINGTON, DC—WashREIT has closed on the first tranche of its previously announced acquisition of a 2,113 unit multifamily portfolio for $461 million. The entire portfolio consists of seven suburban Class B apartment communities in Northern Virginia and Montgomery County, MD.
In this first tranche, the REIT has closed on five garden-style multifamily assets located in Northern Virginia consisting of 1,685 units for $379.1 million. They include: 205 Century Place, Alexandria, VA; 13690 Legacy Circle, Herndon, VA; 2511 Farmcrest Drive, Herndon, VA; 10519 Lariat Lane, Manassas, VA and 86 Heritage Way, NE, Leesburg, 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.
