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Signature Properties Acquires Falls Church Apartment Property for $29M
Baltimore-based real estate investor Signature Properties has acquired The Glen, a 152-unit apartment property in Falls Church.
Built in 1978, the property is located approximately two miles from the Mosaic District mixed-use development in Falls Church. The community consists of 10 garden-style buildings on a five-acre lot with 270 surface parking spaces. Signature Properties plans to invest $1 million to renovate the property.
Scott Melnick of Melnick Real Estate Advisors brokered the transaction. The seller was Florida-based Monitor Corp.
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- ◦Sale/Acquisition

