DSF Group Acquires Town Square At Mark Center From Equity Residential For $237 Million

The property involved in this transaction is Town Square at Mark Center, a 678-unit multifamily apartment and townhouse community located at 1459 North Beauregard Street in Alexandria, VA. The property was sold for $237 million. The transaction includes a per-unit price of $349,558 and was financed through $165.9 million in Freddie Mac financing.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $237,000,000
• Units: 678
• Price Per Unit: $349,558
• Seller: Equity Residential
• Buyer: DSF Group
• Broker Representatives: Brian Eisendrath, Cameron Chalfante & Evan Denner - Institutional Property Advisors

This transaction marks the second-largest multifamily sale in metro Washington, D.C., for 2024 and the third-largest single-asset multifamily transaction in Alexandria. The deal was represented by Institutional Property Advisors, facilitating the acquisition for the DSF Group.