WASHINGTON, DC-New York-based J.P. Morgan Assets Management has acquired two multifamily developments on the Capitol Riverfront. The investment adviser purchased 909 at Capitol Yards, a 237-unit apartment complex at 909 New Jersey Ave. SE, for $95.4 million and The Axiom at Capitol Yards, a 246-unit complex at 100 Eye St. SE, for $93.9 million entities associated with Dallas-based JPI Multifamily Partners.
The Washington DC Multi-Housing team of CBRE Inc. represented the seller. For the full story, go to Washington Business Journal .
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