National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
IPA Capital Markets Arranges $166M Acquisition Financing for NoVa Apartments
IPA Capital Markets, a division of Marcus & Millichap specializing in capital markets services for major private and institutional clients, arranged $165.9 million in financing on behalf of the DSF Group for the acquisition of the Town Square at Mark Center in Alexandria, VA.
The IPA Capital Markets team in Los Angeles represented the borrower, the DSF Group, a Boston-based leader in multifamily investment. Located at 1459 N. Beauregard St., the Town Square at Mark Center is a 678-unit apartment and townhome community situated in one of Northern Virginia’s leading submarkets.
“The 98% occupied property represents an outstanding investment opportunity with substantial value-add potential,” said Cameron Chalfant, senior managing director, IPA Capital Markets. “Planned renovations will improve the living experience, aligning the property with the demands of a high-quality tenant base.”
Added Brian Eisendrath, executive managing director, IPA Capital Markets, “Town Square at Mark Center’s prime location, coupled with the DSF Group’s forward-thinking vision and exceptional operational execution, ensures its potential for remarkable long-term success. The transaction also represented a strong finish to 2024 for our team as we begin another active stretch in the market.”
- ◦Sale/Acquisition
- ◦Financing
