MLG Capital Acquires 340-Unit PeachTree Of McLean From Erkiletian For $100M In Falls Church

The property asset involved in the transaction is a multifamily complex located at 2042 Peach Orchard Drive in Falls Church, VA. It was sold for a total of $100,000,000, with a total of 340 units, resulting in a price per unit of $294,118. This transaction marks a significant change for the seller, which had not transferred the property since 1972.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $100,000,000
• Buyer: MLG Capital
• Seller: Erkiletian
• Brokers: Brian Crivella, Bill Gribbin & Yalda Ghamarian - Berkadia
• Units: 340
• Price Per Unit: $294,118
• Assessed Value: $81,700,000

The transaction involved MLG Capital as the buyer, acquiring the complex from Erkiletian, who has recently engaged in divestments. The sale, completed on January 16, 2026, reflects a notable price that exceeds the assessed value of the property.