Bonaventure has acquired two multifamily assets in Virginia in separate off-market transactions, sealing the deals with $85 million in financing from Fannie Mae. One of the assets is Messenger Place, a newly built 94-unit multifamily property in Manassas, Va., which sold for $25.5…
Read More Bonaventure Nabs $85M in Fannie Mae Financing for Two Multifamily Assets
A joint venture between Jair Lynch Real Estate Partners and Nuveen Real Estate has acquired the Phoenix Apartments, a 463-unit multifamily complex in the Washington, D.C., suburb of Bladensburg, Md., for $72.5 million. Florida Value Partners was the seller on the deal. The acquisition is the…
Read More Jair Lynch, Nuveen Acquire Phoenix Apartments in DC Suburb for $73M
MREA Expands into Southeast by Opening Florida Office
A multifamily firm from the nation's capital is growing southward, citing a lack of niche, boutique service in Florida. Prominent Washington, D.C.-area multifamily broker Scott Melnick, who has closed some $25B worth of properties during his career, has opened a Miami office of Melnick Real…
Signature Properties has made its first Virginia acquisition with a Falls Church apartment deal that closed this week. The Baltimore-based investor acquired The Glen, a 152-unit property in Falls Church, for $29M, Melnick Real Estate Advisors founder Scott Melnick, who brokered the deal, tells…
Read More Signature Properties Enters Northern Virginia With $29M Apartment Buy
