ALEXANDRIA, VA – CIM Group has acquired a 2,346-unit multifamily property in Alexandria, VA for a reported purchase price of $506 million.
The acquired asset, Southern Towers, consists of five 16-story, high-rise apartment buildings, totaling nearly two million square feet. Located at 4901 – 5055 Seminary Rd., the residential towers comprise The Graham, The Stratford, The Sherwood, Ashlawn and Monticello.
Constructed between 1961 and 1965, the residential towers feature a variety of amenities, including two swimming pools, tennis courts, a playground set, a fitness center in each building, a community room and a business center. The buildings offer units ranging from studios to three-bedroom floorplans.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
