Updated Aug 25, 2026
Jason Pantzer Of Pantzer Property Management Acquires 440-Unit Witmer Apartment Building In Arlington For $211.5M
710 12th Street South
$211,500,000
Units
440
Asset Type
MultiFamily
Closing
Aug 21, 2026
About this deal
AI
The transaction involves the sale of a 440-unit multifamily residential property located at 710 12th Street South in Arlington, VA. The property, which was built in 2019, was sold for $211,500,000, resulting in a price per unit of approximately $480,682.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $211,500,000
- Buyer: Jason Pantzer - Pantzer Property Management
- Seller: Conor Flynn - Kimco Realty Corp.
- Units: 440
- Price Per Unit: $480,682
This transaction was significant as Pantzer Property Management took ownership of the 440-unit property from Kimco Realty Corp. The property has been renamed The Point National Landing following its acquisition.
Players
Bowling Green MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93