Eastern Union Arranges $42M Sale of Metro D.C. Apartments
Eastern Union has arranged the $42 million sale of Portabello Apartments, a 254-unit multifamily community in Oxon Hill, MD.
Alex Bensahel of Eastern Union’s Mid-Atlantic Group brokered the off-market transaction. The buyer and seller were not disclosed. The transaction was put under contract within twelve days of having provided a full packet of transaction documents to the buyer.
“Eastern Union was able to leverage our deep connections within the region, combined with our company’s national database of investors,” said Bensahel. “This powerful combination of resources enabled us to generate enormous interest in this transaction.”
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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