Max Timmons And Jack Clark Of Pembroke Acquire Multifamily Asset In Arlington For $158.3M

A multifamily property located at 3275 Washington Boulevard, Arlington, VA was sold for $158,300,000. The asset comprises 267 units, resulting in a price per unit of $592,884. This transaction is notable as it marks Pembroke's first US residential acquisition following a trend of high-priced multifamily deals in the region, driven by significant demand and limited supply.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $158,300,000
• Market: Arlington, VA
• Units: 267
• Price Per Unit: $592,884
• Buyer: Max Timmons & Jack Clark - Pembroke
• Seller: Trammell Crow Residential and Shooshan Company
• Brokers: Bill Gribbin, Brian Crivella & Yalda Ghamarian - Berkadia

This transaction involved key players such as Max Timmons and Jack Clark representing Pembroke, the buyer, while the sellers are identified as Trammell Crow Residential and Shooshan Company. Berkadia facilitated the sale with the expertise of brokers Bill Gribbin, Brian Crivella, and Yalda Ghamarian.