FitzWalter Capital Partners And Assembly Real Estate Acquire Note In Washington DC For $79.5M

The property asset involved in this transaction is a note/loan associated with 700 6th Street Northwest, located in Washington, DC. The transaction marked the acquisition of a $140 million mortgage for the property at a sale price of $79.5 million.

Summary of transaction details:

• Property Type: Note / Loan
• Transaction Amount: $79,500,000
• Address: 700 6th Street Northwest
• Market: Washington, DC
• Buyer: FitzWalter Capital Partners & Assembly Real Estate
• Seller: Affinius Capital
• Acquisition Loan Amount: $54,200,000

Assembly Real Estate and FitzWalter Capital Partners executed the transaction to take control of the asset, highlighting their strategic financial positioning through the acquisition of the mortgage and the securing of a substantial acquisition loan from Citi.