WASHINGTON, DC—A source tells GlobeSt.com that Charleston,SC-based Greystar Real Estate Partners has found abuyer for its 308-unit apartment at the Fort Totten metro stop inthe District – the Aventine Fort Totten. Theproperty is selling for $81.2 million, or $263,636or so per unit, according to the source. Greystar owns theproperty, which is located at 5210 3rd St., NE, withRockwood Capital.
The buyer is a foreign pension fund.
The Aventine Fort Totten is a three-building complex that is 96%occupied.
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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.
