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.
GlobeSt.com will update this story after it speaks with theBozzuto Group.
The Swift is a mid-rise apartment building situated atop a64,000-square foot Safeway. The retail component is not part of thesale.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
