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Washington DC & Mid-Atlantic  + Apartments  |  February 27, 2020
David Cohen
By: David Cohen

Signature Properties Acquires Metro D.C. MF Property for $48M

Signature Properties has acquired The South Pointe, a 390-unit multifamily property in Temple Hills, MD. The sales price was $48.3 million.

Located at 2603 Southern Ave., the property was built in the late 1940s and is located on the Maryland side of the D.C. border. The property is nearby the Southern Avenue and Naylor Road Metro stations.

Scott Melnick of Melnick Real Estate advisors brokered the sale of the community on behalf of the seller, The Kohn family, a private investor based in Montreal.

The deal is the latest in a string of investments in workforce housing properties along the D.C.-Maryland border.

For comments, questions or concerns, please contact David Cohen

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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.
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