Trinity Property Consultants Acquires 353-Unit Apartment Complex In Washington DC For $84.5M

2607 Reed Street Northeast is a multi-family asset located in Washington, D.C. The complex, known as The Rowan, consists of 353 apartment units and has an overall sale price of $84,500,000, translating to a per-unit price of $239,376.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $84,500,000
• Buyer: Trinity Property Consultants
• Seller: High Street Residential
• Units: 353
• Price per Unit: $239,376

Trinity Property Consultants completed the acquisition of The Rowan from High Street Residential, marking a significant transaction in the D.C. multi-family market.