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JLL Capital Markets Secures $34.34 Million in Acquisition Financing for 227-Unit The Mark Apartment Community in Virginia

WASHINGTON, DC - JLL Capital Markets announced today that it has arranged $34.34 million in financing for the acquisition of The Mark, a 227-unit, mid-rise, value-add multi-housing community located in the Washington, D.C. community of Alexandria, Virginia.
JLL worked on behalf of the borrower, Washington Property Company, to secure a three-year, floating-rate, non-recourse, bridge loan with one-year extensions through MetLife Investment Management.
The Mark contains 34 unrenovated units, 90. ....

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Washington Property plans future self-storage facility for Laurel site

Bethesda-based Washington Property Company (WPC) Tuesday announced it has acquired a 2.3-acre property in Laurel for $3.5 million with plans to redevelop the site as a three-story, climate-controlled self-storage facility. The company is planning for a facility with 891 storage units and 12 RV/boat parking spaces at 14435 Cherry Lane Court, which is less than a . ....

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