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Ballstone Place. Photo by AvalonBay.

ARLINGTON, VA–Swedish investor Akelius Residential AB is under contract to buy AvalonBay’s Ballston Place for $170 million, or $45,026 per unit, a source tells us. This news was first reported in Real Estate Alert and GlobeSt.com confirmed it with an independent source.

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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