Sorrento
RESTON, VA—Woodfield Development has secured a construction loanthrough PCCP, LLC and joint venture equity from German AmericanRealty for a 306-unit multifamily housing community here.
“This project represents an attractive opportunity for PCCP tolend to a highly institutional and experienced partnership in awell-located and affluent D.C. suburb,” said Ryan Dodge, vicepresident with PCCP. He also said that the project will have aprice point that is less than nearby markets.
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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.
