“The multifamily market in suburban D.C. is strong and poised for continued growth,” said Espenshade in a prepared statement. “Investors are seeking value-add product in prime locations, and Fairmont Gardens delivered on both fronts.”
JBG Cos., now JBG Smilth, has been selling off non-core properties as part of its merger with the spin off of Vornado's DC area business.
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