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Jon M. Peterson Of Peterson Cos Acquires Multifamily Property In Washington DC For $155M

Property Image
SOLD
$155,000,000

Dc

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MultiFamily
Sold 07/15/2025
the dealdetailscomps
Property Image
SOLD

Jon M. Peterson Of Peterson Cos Acquires Multifamily Property In Washington DC For $155M

1270 4th Street Northeast

See Similar Deals
MultiFamily
Sold 07/15/2025
the dealdetailscomps

Summary

Asset Type:MultiFamily
Transaction Type:Sale

The sale involved a multifamily asset consisting of 432 units located at 1270 4th Street Northeast in Washington, DC. The transaction was finalized at a sale price of $155,000,000, bringing the price per unit to approximately $358,796. The property was previously purchased by the seller in 2021 for $205,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $155,000,000
  • Units: 432
  • Price Per Unit: $358,796
  • Buyer: Jon M. Peterson - Peterson Cos
  • Seller: Matt Kelly - JBG Smith
  • Market: Washington, DC
  • Sale Date: 07/15/2025

Jon M. Peterson represented Peterson Cos. in acquiring the asset, while Matt Kelly represented JBG Smith in the sale of the property.

Players

JBG Smith
JBG Smith
SELLER
JBG Smith
JBG Smith
SELLER
JBG Smith
JBG Smith
SELLER

Details

SOLD
IMAGE: 07/15/2025 ADDRESS: 1270 4th Street Northeast MARKET: Washington, DC ASSET TYPE: Multifamily BUYER: Jon M. Peterson - Peterson Cos SELLER: Matt Kelly - JBG Smith SALE PRICE: $155,000,000 UNITS: 432 ~ PPU: $358,796 NOTE: Peterson Cos. bought the 432-unit Batley apartments at 1270 Fourth St. NW in D.C. for $155M from JBG Smith, which paid $205M in 2021.

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