Unknown Buyer Acquires Property On Colorado Ave NW For $20.3 Million With Seller's Reps Marty Zupancic And Christian Barreiro

The transaction involved the sale of a multifamily portfolio located at 5521 Colorado Ave NW, Washington, D.C. The properties are part of a broader development in northwest Washington and have been sold for $20,300,000.00. This portfolio comprises a total of 172 residential units across two distinct properties, namely Walter Reed Apartments and Longfellow Apartments. The specific address for Longfellow Apartments is 5521 Colorado Ave NW, while Walter Reed Apartments are located at 6939 Georgia Ave. NW, adjacent to the redevelopment of the Walter Reed Army Medical Center.

Summary of transaction details:

• Property Type: Multifamily Portfolio
• Transaction Amount: $20,300,000.00
• Address: 5521 Colorado Ave NW, Washington, D.C.
• Square Footage: 0
• Seller: An affiliate of Poretsky Building Group
• Buyer: An entity managed by Urban Investment Partners
• Seller's Representatives: Marty Zupancic - Marcus & Millichap, Christian Barreiro - Marcus & Millichap

Representatives from Marcus & Millichap, Marty Zupancic and Christian Barreiro, facilitated the transaction on behalf of the seller. The transaction involved a portfolio that focuses on providing affordable housing, reflecting the interests of Poretsky Building Group. The buyer is represented by an entity managed by Urban Investment Partners.