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Transwestern Brokers Value-Add Deal in Langley Park

Transwestern Real Estate Services brokered the sale of Villas at Langley, a 590-unit, value-add investment property in Hyattsville, MD’s Langley Park submarket. Klein Holdings sold the garden-style asset to Jair Lynch Real Estate Partners for $87.5 million.

Transwestern EVPs Robin Williams and Dean Sigmon, VP Justin Shay and multifamily analyst Michael D’Amelio represented the seller.

“Villas at Langley is a strategic purchase by Jair Lynch, as the Langley Park submarket of Hyattsville is supply-constrained for multifamily product,” said Williams. “There is considerable upside potential to increase rental revenue by completing capital improvements at the property.”

The property offered strong occupancy and demand fundamentals. The location along University Boulevard is walking distance to two planned Purple Line light rail stations.

“Investor interest was extremely strong for the Villas at Langley,” said Sigmon. “In this region, assets with such low vacancy that offer yield investment opportunities and organic rent growth are scarce.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).