Fit out costs for base spaces ranged from $194 psf for progressive spaces to $205 psf for moderate and $212 psf for traditional fit outs.

The investment in the Arlington, VA multifamily properties represents the firm's re-entry into the Washington D.C. area market.

Cresa's operations include more than 40 professionals across three offices in Los Angeles County.

Low interest rates and rising inflation drive a demand for returns from residential real estate.