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

Property Image
SOLD
$85,600,000

Virginia

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MultiFamily
Sold 08/23/2023
the dealdetailscomps
Property Image
SOLD

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

4408 Oak Creek Court Fairfax, Va 22033, Usa

See Similar Deals
MultiFamily
Sold 08/23/2023
the dealdetailscomps

Summary

VIRGINIA
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

G
GID
BUYER
SE
Stockbridge Real Estate
SELLER

Details

SOLD
IMAGE: 08/23/2023 ADDRESS: 4408 Oak Creek Court MARKET: Fairfax, VA ASSET TYPE: MultiFamily BUYER: GID SELLER: Stockbridge Real Estate BROKER: JLL SALE PRICE: $85,600,000 UNITS: 282 ~ PPU: $303,546 NOTE: GID, a Boston-based developer, has acquired the 282-unit Arbors at Fair Lakes apartment property in Fairfax, VA for $85.6 million ($303,546 per unit) from Stockbridge Real Estate of San Francisco.

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