DSF Group Acquires Shenandoah Crossing Multifamily In Fairfax, VA For $216.3 Million

A 640-unit apartment complex was sold for $216.3 million in Fairfax, Virginia. The asset, located at 13300 Blueberry Lane, has been renovated and contains garden-style apartments. Built in 1984, this multifamily property was acquired by an affiliate of DSF Group, representing a price per unit of $337,969. The property is backed by a $53.12 million floating-rate loan packaged into a Blackstone CMBS trust with extension options running through January 2027.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $216,300,000
• Buyer: DSF Group
• Seller: Air Communities
• Units: 640
• Price per Unit: $337,969

The transaction was facilitated by key representatives in the real estate market, with DSF Group acting in an acquisition capacity. Air Communities was the seller in the deal, underscoring the transaction's significant financial scope and collaboration between the involved entities.