Washington, DC-Area Community Changes Hands for $84M
Washington, DC-Area Community Changes Hands for $84M The 388-unit Fairmont Garden Apartments in Annandale, Va., will undergo a capital improvement plan. Dec162020 Fairmont Garden Apartments A partnership of The Donaldson Group, Declaration Partners and a fund managed by DRA Advisors has purchased Fairmont Garden Apartments, a 388-unit property in Annandale, Va., for $84 million. CBRE’s investment sales group facilitated the deal on behalf of the seller, Capital Investment Advisors. The new ownership is planning to upgrade the asset. The joint venture—assisted by CBRE Capit...
Source: multihousingnews.com