​BETHESDA, MD. – Transwestern’s Bethesda, Maryland-based Mid-Atlantic Multifamily Group today announces it brokered four sales transactions in June and July consisting of six total multifamily communities. The sale of these properties totaled more than $185 million and brings the group’s year-to-date sales volume to more than $350 million with more than 4,000 units sold. Transwestern’s Mid-Atlantic Multifamily Group, led by Co-Directors Dean Sigmon and Robin Williams, exclusively represented the sellers in all four transactions.

The properties included:
• Forest Hills, 153 units
• Lighthouse at Twin Lakes, 700 units
• Shelter Cove, 300 units
• Carroll Park, 157 units (part of the Middle River Portfolio)
• Essex Park, 229 units (part of the Middle River Portfolio)
• Morningside Park, 128 units (part of the Middle River Portfolio)

“The Washington, D.C. and Suburban Maryland multifamily marketplace continues to see significant and growing investor interest in value-add investment opportunities to include both single-asset and portfolio transactions,” said Sigmon. “We are glad to have built a solid reputation as the ‘go-to’ firm for value-add dispositions.”

According to Delta Associates’ Mid-Year Class B Apartment Report, Suburban Maryland garden apartment rents reported an effective rent increase of 2.1 percent in the 12 months ending June 2014, while Class A rents throughout the Washington region remained flat due to increased supply.



ABOUT THE MID-ATLANTIC MULTIFAMILY GROUP
The Transwestern Mid-Atlantic Multifamily Group provides a full-range of investment sales services for the multifamily industry throughout the entire Mid-Atlantic region, including Philadelphia, Delaware, Baltimore, Washington, D.C., Northern Virginia, Richmond and Hampton Roads. Recent assignments include transactions with Equity Residential, Home Properties, Bozzuto Group, Fannie Mae, AIG Investment, Morgan Properties, Goldman Sachs, JP Morgan and Angelo Gordon. For more information on the Mid-Atlantic Multifamily Group, visit www.twMidAtlanticMultifamily.com.
 
ABOUT TRANSWESTERN
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit transwestern.com and follow us on Twitter: @Transwestern and @TranswesternDC.

 


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