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Nuveen Pays $110M for Metro DC Asset
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Pantzer Properties Sells 468-Unit Maryland Community
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JLL closes sale of Germantown, Maryland multihousing property
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WASHINGTON D.C. - JLL Capital Markets announced today it has closed the $113 million sale of Ravens Crest, a multi-housing property located in Manassas, Virginia, which is around 30 miles from Washington D.C.
JLL worked on behalf of the seller, a partnership between LCOR and a fund managed by the Real Estate Group of Ares Management Corporation, to complete the sale to the buyer, a partnership between a fund managed by Clarion Partners, LLC and Blackfin Real Estate Investors.
The garden-style Ravens Crest apartments total 444 one- and two-bedroom units that have been recently updated, featuring stainless steel appliances, updated lighting, cabinetry, granite countertops, walk-in closets, balconies or patios and wood-style flooring. The amenity-rich property also features a newly renovated clubhouse and fitness center, business center, picnic area with grills, playground, private swimming pool and outdoor kitchen and recreation areas.