Monday, April 8, 2013

Equity Residential Closes $322.3M Sale of VA Multifamily




National Commercial Real Estate News From CoStar Group





Equity Residential Closes $322.3M Sale of VA Multifamily



Equity Residential completed its trade of Archstone Crystal Towers in Arlington, VA, to Dweck Properties for $322.25 million or $353,344 per unit.

The transaction broke the record for the largest sale of a single multifamily property in the Washington, DC, region. The second highest was Mack-Cali Realty's $262.5 million purchase of the Crystal House in Arlington last month followed by Home Properties' 2011 acquisition of Newport Village in Alexandria






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