Berkadia has facilitated the financing and sale of Marlowe Apartments, a 162-unit high-rise multifamily property in Arlington, Virginia. The firm’s DC Metro team secured $40.6 million in acquisition financing for buyer The FORTIS Companies.  

Berkadia DC Metro Institutional Sales facilitated the sale on behalf of an undisclosed seller with a team led by Patrick McGlohn, Brian Gould, Miles Drinkwalter, and Pat Cunningham. The financing closed on May 6 in conjunction with the sale of the property. Berkadia DC Metro Institutional Sales, led by Brian Crivella, Yalda Ghamarian and Bill Gribbin, facilitated the sale on behalf of an undisclosed seller. 

Built in 1987, the property is located across the street from Amazon’s HQ2 in Metropolitan Park. “The asset’s prime location next to Amazon HQ2 combined with the sponsor’s thoughtful value-add renovation plan generated significant lender interest across various financing sources,” said Gould.