GID Acquires Alexandria Multifamily For $136.5M

The multifamily property located at 6050 Edgeware Ln in Alexandria, VA has been sold. The transaction took place on 05/03/2023. The property, comprising of 556 units, was acquired by GID from the seller, Harbor Group International - Richard Litton, for a sale price of $136,500,000. The price per unit (PPU) for this transaction amounts to $245,504.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $136,500,000
• Units: 556
• Price Per Unit: $245,504

GID, a prominent buyer in the real estate market, acted as the purchaser in this deal. Harbor Group International, represented by Richard Litton, served as the seller's representative.