WASHINGTON, DC-A group of residents at Onyx on First, a 266-unit apartment complex in Washington, DC's Capitol Riverfront neighborhood, are planning to acquire the property under a city law. About 120 tenants filed paperwork with the District under the Tenants Opportunity to Purchase Act and they are weighing possible options for the property.
The residents filed the paperwork in response to Chicago-based Canyon-Johnson Urban Funds' decision to sell the property at 1100 First St. SE for $82.5 million to Equity Residential. For the full story, go to Washington Business Journal .
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