Transwestern brokers massive multifamily deals

Virginia properties comprise 1,765 units

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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 t...