ANNANDALE, VA – Joint-venture partners, the Donaldson Group, Declaration Partners and a fund managed by DRA Advisors, have purchased a 388-unit apartment community in Annandale, VA for an acquisition price of $84 million.
The partners plan to invest additional capital to extensively renovate the garden-style community, Fairmont Garden Apartments.
The property was acquired from Capital Investment Advisors. The seller was represented by Jonathan Greenberg of CBRE's investment sales group.
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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.
