WASHINGTON, D.C. – HFF announced today that it has closed the sale of Alexan Carlyle (top left photo), a 280-unit, mid-rise multi-housing community in Alexandria, Virginia to a fund managed by Prudential Real Estate Investors.
HFF marketed the property on behalf of the seller, a partnership led by Trammell Crow Residential. The HFF team representing the seller was led by senior managing director Dave Nachison (middle right photo), managing director Alan Davis (lower left photo) and senior real estate analyst Brenden Flood.
Alexan Carlyle is located at 800 John Carlyle Street in the Carlyle neighborhood of Old Town Alexandria, close to the Eisenhower Avenue and King Street Metro stations as well as the Capital Beltway, George Washington Parkway and Interstates 395 and 95.
Completed in 2009, Alexan Carlyle has one- and two-bedroom traditional and loft-style units averaging 868 square feet each. Community amenities at the 93 percent leased property include three lobbies, an internet café, fitness center, game room with billiards and tabletop shuffleboard, resort-style pool, courtyard with grilling area, controlled access parking garage and full-service concierge.
“PREI®’s acquisition of Alexan Carlyle is the latest example of institutional investors seeking well-located, best-of-class apartment properties in infill, metro-accessible locations across the Washington, D.C. market,” said Nachison.
“Widely held expectations for continued strong rent growth and D.C.’s nation-leading apartment fundamentals are driving almost insatiable investor demand locally for Class A multi-housing investments,” added Davis.
Headquartered in Dallas, Trammell Crow Residential (“TCR”) is America’s premier multi-family real estate firm. TCR entities develop, construct and acquire multi-family rental communities of the highest standards.
Contacts:
David r. Nachison, HFF Senior Managing Director, (202) 533-2500, dnachison@hfflp.com
Alan M. Davis, HFF Managing Director, (202) 533-2500, adavis@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,
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