Washington, DC-based Jair Lynch Real Estate Partners and Nuveen Real Estate have acquired Jamison at Dakota Crossing, a 236-unit Class A apartment community in northeast DC, for $78 million. The partners have acquired five other assets throughout the DC, MD, and VA region with a total value of $425 million.

The companies purchased the property from a joint venture of Fort Lincoln New Town Corporation, The Concordia Group and Buvermo Investments, Inc. Eastdil Secured served as the seller’s broker; CBRE served as the Fannie Mae DUS lender.

Jair Lynch and Nuveen intend to introduce a new property management company, Winn Residential, and enhance the mixed-income nature of the property by continuing to offer market-rate apartment homes alongside those for Housing Choice Voucher Program and Inclusionary Zoning residents.

“Our investors are seeking sustainable assets with long-term social impact,” said Pamela West, managing director, real estate impact investing at Nuveen.