JLL Brokers $113M Sale of Manassas MF Property
JLL has arranged the $113 million sale of Ravens Crest, a 444-unit multifamily community in Manassas, VA.
The garden-style apartment property consists of one- and two-bedroom units that have been recently updated, featuring stainless steel appliances, updated lighting, cabinetry, granite countertops, walk-in closets, balconies or patios and wood-style flooring. The amenity-rich property also features a newly renovated clubhouse and fitness center, business center, picnic area with grills, playground, private swimming pool and outdoor kitchen and recreation areas.
Walter Coker, Brian Crivella, Robert Jenkins and Bill Gribbin of JLL represented the seller in the transaction, a partnership between LCOR and a fund managed by the Real Estate Group of Ares Management Corp. The buyer was a partnership between a fund managed by Clarion Partners LLC and Blackfin Real Estate Investors.
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