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Washington DC & Mid-Atlantic  + Apartments  |  January 10, 2020
David Cohen
By: David Cohen

GID Acquires DC Apartment Building for $180M

GID Real Estate Investments has acquired The Woodley, a 212-unit apartment building in Washington D.C. for $180 million.

Developed in 2014 by JBG Cos., the building is located around a quarter-mile from the Woodley Park Metro station. Average rent at the property is $4,584, according to CBRE marketing materials. The building was designed by David M. Schwarz Architects.

The seller, Nuveen, paid $195 million for the property in 2014, which at $920K per unit surpassed the previous price per unit apartment sale record of $540K per unit for D.C. Bill Roohan, Mike Muldowney and Robert Dean of CBRE represented Nuveen in the sale to GID.

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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