WASHINGTON, DC—TIAA-CREF broke its own record last week when it purchased The Woodley apartment development here for a reported price of $195 million.

The purchase of the 212-unit multifamily property at 2700 Woodley Road from The JBG Cos. calculated out to $920,000 per unit, which is considered the highest price ever paid per unit for a multifamily property in the District region.

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