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IPA Facilitates $166M in Financing for Northern Virginia MF
IPA Capital Markets, a division of Marcus & Millichap, has arranged $165.9 million in financing on behalf of the DSF Group for the acquisition of the Town Square at Mark Center in Alexandria, Virginia.
IPA Capital Markets in Los Angeles represented the borrower, the DSF Group, a Boston-based leader in multifamily investment. The Town Square at Mark Center is a 678-unit apartment and townhome community situated in one of Northern Virginia’s most dynamic submarkets.
“The 98% occupied property represents an outstanding investment opportunity with substantial value-add potential,” said Cameron Chalfant, senior managing director, IPA Capital Markets. “Planned renovations will improve the living experience, aligning the property with the demands of a high-quality tenant base.”
Located at 1459 N. Beauregard Street, Town Square at Mark Center offers apartments and townhomes with modern amenities. “Town Square at Mark Center’s prime location, coupled with the DSF Group’s forward-thinking vision and exceptional operational execution, ensures its potential for remarkable long-term success,” added Brian Eisendrath, executive managing director, IPA Capital Markets.
