ARLINGTON, VA-ASB Real Estate Investments hasacquired the Sedona | Slate in Rosslyn for$222 million. The two-tower complex, which counts474 units in adjoining 15- and 12-story buildings, has thedistinction of being Arlington County's first LEED Gold apartment project.The JBG Cos. was the seller.

The towers delivered about six months ago; the 271-unit Sedonatower is now close to 90% leased, while the Slate, with 203 units,is 25% leased. The complex, which is located between ClarendonBoulevard, 16th Road, and North Oak and North Ode Streets, also has10,080 square feet of street level retail. Paul Collins, BillCollins and Christopher Doerr of CassidyTurley represented The JBG Cos. in the transaction.

ASB now has a sizeable footprint in the DC area with theSedona¦Slate investment under its belt—its total greater Washingtonarea real estate portfolio now equals $478.5 million in 11 assets.This year ASB also purchased 801 North Capitol St., an officebuilding near Union Station, for $53 million and a retail propertylocated at 3299 M St. in Georgetown for $3.4 million. ASB expectsto close 17 transactions across the country during 2013, valued atapproximately $1 billion.