GID Acquires Arbors At Fair Lakes In Fairfax, VA For $85.6M From Stockbridge Real Estate

The Arbors at Fair Lakes apartment property located at 4408 Oak Creek Court in Fairfax, VA has been acquired by GID, a Boston-based developer, for a total of $85.6 million. The property consists of 282 units, with an average price per unit of $303,546. The sale was made by Stockbridge Real Estate, a San Francisco-based company.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $85,600,000
• Address: 4408 Oak Creek Court
• Market: Fairfax, VA
• Buyer: GID
• Seller: Stockbridge Real Estate
• Broker: JLL
• Units: 282
• Price Per Unit: $303,546

The acquisition of the Arbors at Fair Lakes property marks GID's entry into the Fairfax, VA real estate market. This transaction represents a significant investment by GID in the multi-family sector, expanding their portfolio in the region. With Stockbridge Real Estate as the seller and JLL as the broker, this deal highlights the collaboration between key players in the real estate industry.