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Washington DC & Mid-Atlantic  + Apartments  |  September 18, 2020
David Cohen
By: David Cohen

Brightwood Apartment Property Trades for $40M

An affiliate of Swedish Investor Akelius has acquired Rittenhouse Apartments, a 208-unit apartment building in Washington D.C.’s Brightwood neighborhood. The sales price was $40.2 million, according to various media outlets.

Located at 6101 16th St. NW, the property was built in 1990 and was the most recent apartment perpoty of more than 200 units developed in the area. The apartment building last traded in 2011 for $30.7 million to Henderson Global Investors. Henderson’s U.S. portfolio was acquired in 2013 by the real estate arm of TIAA, which rebranded as Nuveen Real Estate last year.

Greysteel represented the seller, Nuveen Real Estate, in the transaction. The sales price was a record for the submarket, according to Greysteel CEO Ari Firoozabadi.

For comments, questions or concerns, please contact David Cohen

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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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