JPI Multifamily Partners to Sell Three DC Apartments

By GlobeSt News Hub

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WASHINGTON, DC-JPI Multifamily Partners LLC, a Texas-based apartment developer, is selling three of its multifamily properties in the District. The company has an offer to sell the 909 at Capital Yards complex at 909New Jersey Ave. SE to a pension fund controlled by JPMorgan Chase Bank N.A. for approximately $95.4 million.

The developer has also signed a deal to sell the Axiom at Capitol Yards located at 100 Eye St. and the Jefferson at Capitol Yards located at 70 Eye St. for $258.8 million. For the full story, go to Washington Business Journal .

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Categories: Mid-Atlantic, Sales, Acquisitions/Dispositions, , Scope, Washington, DC