CENTREVILLE, VA-It didn’t take long for news of multifamily trades in the DC area to begin again after the holiday slowdown: in a deal that closed on Dec. 30, CBRE Investors acquired a 504-unit apartment complex here for $75 million. First Capital Realty’s Rick Shinberg and Les Zimmerman represented the seller, Cornerstone Real Estate Advisers in the sale of the property, called Woodway at Trinity Centre Apartments.

There was very strong interest in the property, according to Shinberg, who gave 40 tours and ultimately fielded 30 offers for the stabilized property. “We had a wide range of interest from REITs, to advisors, to life companies and a multitude of private buyers,” he tells GlobeSt.com.

CBRE Investors and its all cash offer was ultimately chosen because it was the best overall package, he says. “It was the totality of their offer than won the deal–a combination of pricing, the ability to close quickly, their credit-ability in terms of being able to do a deal.”

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