X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Avalon Potomac Yard Avalon Potomac Yard

ALEXANDRIA, VA—Avalonbay Communities has acquired an apartment building in the Washington DC area after a long investment drought in its home base. The Arlington, VA-based REIT has purchased JBG Cos. and MRP Realty’s The Alric at The Exchange at Potomac Yards via an LLC it established earlier this month, according to a state filing and a source, which provided more details about the transaction.

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.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.