Carr Properties, a Washington DC-based REIT has sold The Elm, a 456-unit multifamily high-rise property located in Bethesda, Maryland. The price was not disclosed.
Located at 4710 Elm St., The Elm offers a range of studio, one-, two-, and three-bedroom floor plans. The property boasts amenities including a rooftop swimming pool, fitness center, pet spa and dog park, seventeenth-floor terrace, and a glass Skybridge connecting the two 28-story apartment towers.
Berkadia Institutional Solutions has overseen the sale on behalf of the seller with a team led by Brian Crivella, Walter Coker, Bill Gribbin.
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.