BETHESDA, MD - Washington Property Company (WPC) has acquired The Mark, a 227-unit apartment tower in Alexandria, VA, for $52.7 million.
The seller, an affiliate of Northpoint Realty Partners, was represented by Brian Crivella, Walter Coker, and Bill Gribbin, who recently joined Berkadia. Jimmy Conley and Drake Greer of JLL represented WPC in procuring financing.
“This is WPC’s first acquisition of an existing multifamily property,” said Quinn Rounsaville, Senior Vice.
Washington Property Company Announces Top Out of 403-Unit Solaire 8200 Dixon Apartment Tower in Downtown Silver Spring, Maryland multifamilybiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from multifamilybiz.com Daily Mail and Mail on Sunday newspapers.
BETHESDA, MD - Robert “Bobby” Akines has joined Washington Property Company (WPC) of Bethesda, MD as Vice President of Development, overseeing several of the company’s new and planned residential and mixed-use projects. He will team up with nine-year WPC veteran Janel Kausner in processing the company’s $500 million development pipeline.
Mr. Akines has been involved with the development, acquisition, or asset management of $625 million in residential, retail, and industrial assets, as well as preconstruction services for projects valued at more than $2.5 billion. He joins WPC from Donohoe Development Company, where he served as Senior Development Manager for the Marriott AC Hotel/Residence Inn in Reston (VA), Bingham Center in Clarendon, VA, and other projects.