Transwestern brokers massive multifamily deals

Transwestern's Institutional Multifamily Group recently brokered the sale of three Northern Virginia multifamily communities totaling

The total value of the transactions was more than $263 million.

Sawyer Realty Holdings sold its 576-unit Chatsworth Park Apartments in Manassas, Va., for $90 million. Stellar Advisors purchased the property, located at 11212 Chatterly Loop.

Archstone-Smith sold its 771-unit Arlington Overlook Apartments in Arlington, Va., for $90 million. Fairfield Residential purchased the property, located at 1201 South Scott St.

Summit Properties sold its 418-unit Summit Reston Apartments in Reston, Va., for $83.1 million. Athena Group purchased the property, located at 1798 Jonathan's Way Drive.

Transwestern Commercial Services specializes in property and facility management, tenant representation and development for a broad range of property types, including office, industrial, retail and multifamily.

***

What's your opinion? Send your Letter to the Editor to opinion@inman.com.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.