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Akelius Residential Buys Another DC Apartment

WASHINGTON, DC—The US division of the Swedish investment firm Akelius Residential Property is buying another property in Washington DC, following…

2900 Adams Mill Rd. 2900 Adams Mill Rd.

WASHINGTON, DC—The US division of the Swedish investment firm Akelius Residential Property is buying another property in Washington DC, following its purchase earlier this month of 2900 Adams Mills Rd., for $8.5 million, or $197,674 per unit, a source tells GlobeSt.com.

It is  the Century, an 88-unit apartment building located at 2651 16th St NW, for $16.5 million, or $187,500 per unit. The last time the eight-story building traded was in 2012 for $7 million to William Calomiris Co.

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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