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Washington DC & Mid-Atlantic  + Apartments  |  January 17, 2021
David Cohen
By: David Cohen

Hyattsville Apartment Property Trades for $103M

Newmark has arranged the $103 million sale of The Edition, a 351-unit apartment property in Hyattsville, MD.

Located at 3401 East-West Highway in Hyattsville, the property offers walkability to a number of retail and lifestyle amenities as well as several prominent employers such as the National Center for Health Statistics, Prince George’s Community College, and The Mall at Prince George’s. The mid-rise rental community was delivered in 2019 and consists of 351 market-rate apartment homes. Unit features include stainless steel appliances, hardwood-style flooring, ground floor and podium units, walk-in closets and stackable washers and dryers.

Christine Espenshade and Robert Garrish of Newmark represented the seller in the transaction, a joint venture between Fore Property Co. and PCCP LLC. The buyer, Akelius, is an international property owner with approximately 2,000 rental apartments in Metro D.C. in addition to other real estate holdings across the globe.

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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