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CPREIF, Blackfin Acquire 242-Unit Metro D.C. Apartment Community

Clarion Partners Real Estate Income Fund Inc. (CPREIF), in partnership with Blackfin Real Estate Investors, has acquired Mosaic at Largo Station, a four-story, 242-unit multifamily community in Largo, MD. The sales price was not disclosed.

Mosaic’s amenities include an outdoor swimming pool, dedicated grilling areas, a dog park and a newly renovated class A+ two-story clubhouse with game room. The units feature 9 to 12-foot ceiling heights, maple cabinets, stainless steel appliances and kitchen islands with granite countertops. Largo is a residential suburb of Washington D.C. with its own Metro station.

Eastdil Secured represented the undisclosed seller in the transaction and arranged acquisition financing for the joint venture.


Inside The Story

CPREIFBlackfin Real Estate

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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