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Washington DC & Mid-Atlantic  + Maryland  + Apartments  |  June 25, 2021
David Cohen
By: David Cohen

JLL Brokers Sale of 468-Unit Apartment Property in Germantown

JLL has arranged the sale of The Point at Germantown Station, a 468-unit apartment property in Germantown, MD. The sales price was not disclosed.

Located at 19228 Circle Gate Dr., the property is positioned across 40 acres in the I-270 Biotechnology and Life Sciences Corridor. The community consists of 468 two- and three-bedroom units averaging 1,205 square feet, with historical occupancy at around 95%. The apartments feature a resort-style pool with cabanas and lounge seating, expanded fitness center, clubroom, dog park, picnic tables and allows access to a soccer field. The multi-housing property is also approximately 30 miles from Washington D.C.

Walter Coker, Brian Crivella, Robert Jenkins and Bill Gribbin of JLL represented the undisclosed seller in the transaction. The buyer was also undisclosed.

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Inside The Story

JLL’s Coker

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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