MCLEAN, VA-JER Real Estate Partners III LP invests $75 million in Smyrna, GA's Longhouse Hospitality, a lodging company that owns and operates 34 extended-stay hotels in eight states across the southeast region of the US. Part of the funds will go toward further property acquisitions.

MCLEAN, VA-JER Real Estate Partners III LP invests $75 million in Smyrna, GA's Longhouse Hospitality, a lodging company that owns and operates 34 extended-stay hotels in eight states across the southeast region of the US. Part of the funds will go toward further property acquisitions.

LANSDOWNE, VA-Financing to the tune of $50 million closes for the National Conference Center, a 1.2-million-sf meeting complex near Dulles International Airport. The borrower plans to utilize the funds to complete the conversion of the property from a former corporate training facility.

LANSDOWNE, VA-Financing to the tune of $50 million closes for the National Conference Center, a 1.2-million-sf meeting complex near Dulles International Airport. The borrower plans to utilize the funds to complete the conversion of the property from a former corporate training facility.

WASHINGTON, DC-The Chicago-based Real Estate Research Corp. releases "Capitalization Rates…Nowhere to Go but Up," a national report concluding that, on a national level, terminal going-in rates and capitalization rates for every property type--except retail power centers and central business district office properties--are headed for stabilization.

COLLEGE PARK, MD-The University of Maryland at College Park taps real estate services firm Cassidy & Pinkard to guide the school in various real estate activities. Cassidy & Pinkard, working in a team of advisors, will assist the university under a two-year contract.

COLLEGE PARK, MD-The University of Maryland at College Park taps real estate services firm Cassidy & Pinkard to guide the school in various real estate activities. Cassidy & Pinkard, working in a team of advisors, will assist the university under a two-year contract.

RESTON, VA-Renaissance Housing Corp. comes under new ownership as Bonita Springs, FL-based WCI Communities Inc. acquires the high-rise multifamily property and single-family home developer. WCI's purchase is part of the company's plan to tap into growing housing markets such as the Greater Washington, DC area.