Washington Housing Conservancy Acquires Multifamily Property In Wheaton, Md For $28.8M

The multifamily property located at 10820 Georgia Ave in Wheaton, Md was recently sold in a transaction. The property, consisting of 140 units, was purchased by the Washington Housing Conservancy, represented by Kimberly Driggins and Montgomery Housing Partnership. The seller of the property was Blackfin Real Estate Investors and Acre Valley Real Estate Capital. The sale price for the transaction was $28,800,000, resulting in a per unit price of approximately $205,714.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $28,800,000
• Address: 10820 Georgia Ave, Wheaton, Md
• Market: Wheaton, Md

This transaction involved the Washington Housing Conservancy, represented by Kimberly Driggins and Montgomery Housing Partnership, as the buyer. On the other side, Blackfin Real Estate Investors and Acre Valley Real Estate Capital acted as the sellers. The sale of this multifamily property marks an important milestone in the real estate market.