​BETHESDA, MD. – Transwestern’s Mid-Atlantic Multifamily Group, led by Co-directors Dean Sigmon and Robin Williams, today announces it brokered the disposition of four multifamily properties in November, totaling 2,206 units valued at $262 million.

“In the Baltimore and Washington, D.C., metros, a growing inventory of new Class A apartments are pushing rent levels higher,” said Sigmon. “As a result, investors are looking for opportunities to reposition Class B multifamily properties and invest in value-add opportunities, like these four properties.”

The properties sold in November include:
• 732-unit Rolling Brook Village in Woodbridge, Virginia was sold for $138.5 million. Transwestern represented the seller, a joint venture between Angelo, Gordon & Co. and The Donaldson Group LLC, in the sale to a confidential buyer.
• 492-unit Andrews Ridge Apartments in Suitland, Maryland was sold for $59.5 million. Transwestern represented the seller, a joint venture between Angelo, Gordon & Co. and The Donaldson Group LLC, in the sale to a confidential buyer.
• 390-unit South Pointe Apartments in Temple Hills, Maryland was sold for $35.8 million. Transwestern represented the seller, Federal Capital Partners, in the sale to a confidential buyer.
• 592-unit Three Garden Village in Baltimore was sold for $28.41 million. Transwestern represented the seller, Kodiak Properties LLC, in the sale to SilverBrick Group LLC.

ABOUT TRANSWESTERN
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Mid-Atlantic region, follow @TranswesternDC.

 

 

Media Contact:
Sabina Gill
301.896.9059
sabina.gill@transwestern.com