ARLINGTON, VA – An affiliate of the UIP Companies Inc. and an affiliate of Churchill Living have acquired a 300-unit multifamily community, located directly across from Amazon's new HQ2 in Arlington, VA.
The 19-story tower, titled The Millennium, was purchased from Clarion Partners.
For the acquisition, KKR Real Estate Finance placed a $135 million first trust mortgage on the property. In addition to the first trust, UIP Cos. raised $78 million; a portion of which was raised through the crowdfunding platform, Crowdstreet.
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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.
