WASHINGTON, DC—Another day, another multifamily trade here inthe District. The latest apartment building to poised to sell issaid by a source to be Bozzuto Group's** TheSwift, a 218-unit newly-developed building locatedat 3830 Georgia Ave. The property is selling for$75 million, or $344,037 per unit, our source tells us.

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GlobeSt.com will update this story after it speaks with theBozzuto Group.

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The Swift is a mid-rise apartment building situated atop a64,000-square foot Safeway. The retail component is not part of thesale.

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With the Swift presumably off of its books, the developer, likeothers in the DC market, appears to be turning its attention to arelated asset class: condos. Last month Bozzuto began site work on96 condominiums at V and 15th streets NW, with an anticipatedcompletion date of late 2015. The development is a joint venturebetween Bozzuto Homes and NVCommercial Real Estate Fund I.

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The project is the second local condo development Bozzutostarted this year following its new project at 460 New York Ave. inMount Vernon Triangle.

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**DP Residential, LLC an affiliate of Duball,LLC is the seller.Bozzuto Group is the general manager of the building. We regret theerror.

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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.