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Washington DC & Mid-Atlantic  + Apartments  |  August 20, 2019
David Cohen
By: David Cohen

Washington REIT Snags Apartment Community in Alexandria for $70M

Washington REIT has acquired Cascade at Landmark Apartments, a 277-unit multifamily community in Alexandria, VA. The sales price was reported as $70 million.

Located at 300 Yoakum Pkwy., the property opened in 1988 and offers one- and two-bedroom units with stainless-steel appliances, granite countertops, plank flooring and patios. Community amenities include a business center, clubhouse, fitness center, tennis court, swimming pool and parking garage. Rents range from $1,546 to $3,076 per month.

The seller was Greystar Real Estate Partners of Charleston, SC, which acquired the property in 2013 for $68.6 million.

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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