Shoreham Lands $157M to Buy VA 1,200-Unit MF

Shoreham Capital, in collaboration with Bridge Investment Group, has acquired the Mason at Van Dorn, a 1,180-unit multifamily community located in Alexandria, Virginia for roughly $225 million. The acquisition financing, totaling $157 million, was facilitated by Berkadia through Fannie Mae financing. 

Situated at 140 South Van Dorn Street, the property is adjacent to the WestEnd Alexandria, a mixed-use redevelopment spanning 4 million square feet on the former Landmark Mall site. The area, anchored by the upcoming Inova Alexandria Hospital Campus, is expected to accommodate over 2,000 healthcare professionals.  

The community offers various floor plans and amenities such as swimming pools, grilling stations, tennis courts, a fitness center, and more. Bridge Investment Group plans to offer social and community programming for residents.  “With major development and growth occurring in and around Alexandria, we believe the property exemplifies our strategy of opportunistically acquiring properties in great markets supported by strong fundamentals,” said Doug Faron, managing partner at Shoreham Capital.

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