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Washington DC & Mid-Atlantic  + DC Metro  + Apartments  |  February 20, 2024
Emily Fu
By: Emily Fu

95-Unit NoVA Build-to-Rent Changes Hands 

Ari Azarbarzin and Gabe Tovar, leading a Northmarq specialty Build-To-Rent team, have closed the sale of West Wind, a 95-unit build-to-rent community in Stephens City, VA. 

Northmarq represented the seller, with additional team members including Chris Doerr, Will Harvey, Shack Stanwick, Matt Straughan, Wink Ewing, and Anthony Pino. Northmarq’s Debt + Equity team, consisting of Tom Peloquin, Cabell Thomas, and Rich Choisser, secured acquisition financing for the buyer, a joint venture between RockBridge Investment Group and DSP Real Estate Capital. 

West Wind, completed in 2023, features two-story, three-bedroom townhomes equipped with smart-home technology. Residents can enjoy the community’s pet- and family-friendly amenities, including scenic surroundings, walking trails, and an outdoor play area. “Investors were drawn to this offering because of dynamic growth in the Winchester region, and its strategic location within commuting distance of Washington D.C. and the Dulles Technology Corridor,” said Azarbarzin. 

Register today for Connect Phoenix Multifamily & Single-Family Build-to-Rent, scheduled for April 18 at the Westin Kierland Resort & Spa, Scottsdale, AZ.

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Inside The Story

Will Harvey

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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