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MCLEAN, VA - American Real Estate Partners (“AREP”), announced the company’s acquisition of 1101 King Street in the heart of Old Town, Alexandria. This is AREP’s fifth investment through its Strategic Opportunity Fund III (“Fund III”) which is now 60% deployed. The company has selected Cooper Carry to lead the project redevelopment design and residential hospitality design team RD Jones for the interiors. Construction is set to begin in July 2023.
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