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

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.