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Washington DC & Mid-Atlantic  + Finance  |  July 14, 2020
David Cohen
By: David Cohen

CBRE Secures $162M Refinancing for Arlington Apartments

CBRE has arranged a $161.5 million loan to refinance Crystal House, an 825-unit apartment community in Arlington, VA.

Located in Arlington’s Crystal City neighborhood near the site of Amazon’s future HQ2, the property was built in 1965 and renovated in 2017. The community features studio, one-, two- and three-bedroom units. Amenities include two rooftop decks, a clubhouse with billiards, pool with cabanas and a sundeck as well as a fitness center and outdoor picnic areas.

Michael Sherman, Irene Lu, Michael Riccio, Susan Larkin and Anna Pfau of CBRE secured the Freddie Mac financing on behalf of the borrower, a partnership between Roseland Residential Trust and an investment fund advised by UBS Realty Investors.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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