Fortis Cos Secures $40.6M Loan For Marlowe Apartments Acquisition In Arlington

The Marlowe Apartments, a 162-unit multifamily community located at 400 15th Street South in Arlington, VA, has been acquired by FORTIS Cos. Berkadia facilitated a $40.6 million loan for this acquisition. The property is strategically situated across from the newly completed Amazon HQ2, Metropolitan Park.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $40,600,000
• Address: 400 15th Street South
• Market: Arlington, VA
• Units: 162
• Landlord: FORTIS Cos
• Brokers: Brian Gould, Miles Drinkwalter & Patrick Cunningham - Berkadia
• Loan Type: Acquisition

Brian Gould, Miles Drinkwalter, and Patrick Cunningham from Berkadia played pivotal roles as brokers in facilitating the $40.6 million loan for the acquisition of Marlowe Apartments. This strategic transaction positions FORTIS Cos as the new owner of this prime multifamily asset, reflecting the increasing focus on the Arlington market due to its proximity to key developments like Amazon HQ2.