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Sold: The Windsor at Shirlington Village

Waterton is planning a capital improvement program at the 404-unit complex.

The Citizen at Shirlington Village

ARLINGTON, VA–Chicago-based Waterton, a real estate investor and operator, announced it has acquired a 404-unit apartment community here: the Windsor at Shirlington Village, which the company is rebranding as The Citizen at Shirlington Village.

GlobeSt.com reported earlier this month that the complex was trading; we learned from a source that the property, which is located at 3000 S. Randolph St., was selling for $144 million, or $356,436 per unit. We were also told that the acquisition was financed with a $104 million Freddie Mac loan.

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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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