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