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Home News Industries Real Estate Alexandria apartments sell for $50.1M

Alexandria apartments sell for $50.1M

Willow Creek Partners acquired 189-unit community

Published June 21, 2022 by Robyn Sidersky

A brown apartment building
North Ripley Apartments sold for $50.1 million.

Baltimore-based Continental Realty Corp. has sold 101 North Ripley Apartments in Alexandria for $50.1 million, the company announced last week.

Washington, D.C.-based real estate investment and management firm Willow Creek Partners acquired the apartment community, formerly known as Parkwood Court. The community has 189 units, with one-, two- and three-bedroom floorplans.

It was first acquired by CRC in 2011 on behalf of CRC Fund III General Partner LLC for $23 million.

CBRE’s Bill Roohan, Robert Dean and Jonathan Greenberg represented CRC in the transaction.

The site is less than a mile from Landmark Mall, which is being redeveloped into a $1 billion-plus hospital campus by Inova Health System.

 

https://content.yudu.com/web/1sfs5/0A1shn6/June2022/index.html   Subscribe to Virginia Business. Get our daily e-newsletter.

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