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Urban Investment Partners Snags Two D.C. Apartment Communities for $21M

Urban Investment Partners has acquired two apartment properties in Washington D.C. for a total of $21 million.

The firm acquired The Waring, a 38-unit apartment property located at 1433 T St., from seller 1433 T Street Associates LLC for $12.5 million. In the second transaction, the firm acquired The Regent, a 37-unit property located at 2517 Mozart Place NW for $8.5 million from seller Mozart LLC. Ari Firoozabadi, W. Kyle Tangney and Herbert Schwat of Greysteel represented the seller in each transaction.

The Waring was built in 1909 and is located nearby downtown Washington D.C. The property consists of a mix of studio, one- and two-bedroom floor plans. The Regent is less than a mile from the Waring and consists of a mix of studio through two-bedroom units averaging 732 square feet.

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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.

  • ◦Sale/Acquisition
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