Donaldson Impact Investments And Partners Acquire Yorkshire Apartments In Silver Spring For $79.4M

The property asset involved in this transaction is a 326-unit multifamily complex located at 11401 July Drive in Silver Spring, MD. The sale was completed for a total of $79.4 million, which equates to approximately $243,558 per unit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $79,400,000
• Units: 326
• Price Per Unit: $243,558
• Buyer: Donaldson Impact Investments, New York Life Investment Management & Housing Initiative Partnership
• Broker: JLL

A venture encompassing Donaldson Impact Investments, New York Life Investment Management, and Housing Initiative Partnership facilitated the acquisition of the Yorkshire Apartments, marking a significant closed transaction in the multifamily sector.