HASTA DST Ventures Spends $55M on Manassas Park Multifamily
Sarasota, FL-based HASTA DST Ventures has acquired Parq 170 at City Center, a 291-unit luxury multifamily community with 43,708 square feet of retail in Manassas Park, VA, for $55 million.
The property was purchased with equity proceeds from HASTA Multifamily 1 DST, which has been fully subscribed through its managing broker-dealer, RCX Capital Group.
“We continue to target compelling opportunities to acquire recession-resilient properties in strong employment nodes,” said Mark Hafner, CEO of HASTA.
Parq 170’s location on Market Street in close proximity to over 10 million square feet of retail, dining and entertainment attractions. It is directly across from the Manassas Park VRE rail station for a commuting option to the 3.2 million jobs within the metro area.
Residents of the controlled access community enjoy attached and detached garages along with top-notch amenities including a 24-hour fitness center, a heated pool and sundeck, grill station, Wi-Fi café, elevators and clubhouse.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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