BVF-VI Central Place LLC Acquires Central Place Residences In Arlington For $206.25M

The property asset involved in the transaction is the Central Place Residences, a multi-family building located at 1800 North Lynn Street in Arlington, VA. The asset is comprised of 377 units, with a sale price of $206,250,000, resulting in a price per unit of $547,082.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $206,250,000
• Buyer: BVF-VI Central Place LLC
• Seller: Matt Kelly - JBG SMITH Properties
• Units: 377
• Price Per Unit: $547,082

This transaction marks a significant move for JBG Smith, as it represents the firm's nearly complete exit from the Rosslyn market, following prior disposals of its Central Place office tower and Rosslyn Gateway assets.