Linden Property Group Purchases 217-Unit Multifamily Community In Vienna For $68 Million

The asset involved in this transaction is a 217-unit multifamily community located at 1723 Gosnell Road in Vienna, Virginia. The property was sold for a total of $68,000,000, which reflects a price per unit of $313,364.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $68,000,000
• Units: 217
• Buyer: Wade Casstevens - Linden Property Group
• Seller: Benjamin W. Schall - AvalonBay

The transaction involved Wade Casstevens representing Linden Property Group as the buyer, while Benjamin W. Schall represented AvalonBay as the seller. In this deal, AvalonBay sold the multifamily community to Linden Property Group and Akridge.