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Washington DC  + Apartments  | 

Metro DC Apartment Community Trades for $84M

A partnership consisting of The Donaldson Group, Declaration Partners and a fund managed by DRA Advisors has acquired Fairmont Garden Apartments, a 388-unit multifamily property in Annandale, VA. The sales price was reported as $84 million.

Located at 4137 Wadsworth Court, the property consists of one-, two- and three-bedroom units. Amenities include a grilling area, pool and playground. The property is approximately 18 miles west of downtown Washington D.C. The buyers plan to upgrade the HVAC systems at the community.

Jonathan Greenberg of CBRE represented the seller, Capital Investment Advisors, in the transaction. Additionally, CBRE’s Maxi Leachmann secured a Fannie Mae acquisition loan on behalf of the buyers.

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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.