Rithm Capital Corp, American Real Estate Partners & GreenBarn Investment Group Acquire Multifamily Property In Ashburn, VA For $120M

The partnership of Rithm Capital Corp., American Real Estate Partners, and GreenBarn Investment Group has recently completed the acquisition of CityHouse Ashburn Station, a 200-unit subdivision of SFR townhomes located at 43809 Anhinga Terrace in Ashburn, Virginia. The property, which is part of the multifamily asset type, was sold by Dream Finders Homes for a total sale price of $120,000,000. Each unit in the subdivision is valued at approximately $600,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $120,000,000
• Address: 43809 Anhinga Terrace, Ashburn, VA
• Market: Ashburn, VA
• Buyer: Rithm Capital Corp, American Real Estate Partners & GreenBarn Investment Group
• Seller: Dream Finders Homes
• Units: 200
• Price per Unit: $600,000

This prominent joint effort from Rithm Capital Corp., American Real Estate Partners, and GreenBarn Investment Group resulted in the successful acquisition of CityHouse Ashburn Station, which comprises 200 stylish SFR townhomes. The collaboration between these key individuals and companies brought about the introduction of CityHouse Ashburn Station to the Ashburn, Virginia market. The acquisition marks an important milestone for the buyers as they expand their multifamily residential portfolio in the region.