Bridge Investment Group Acquires 270-Unit Multifamily Asset In Manassas From University Village Apartments

A multifamily property consisting of 270 units totaling 286,470 square feet was involved in this transaction. The asset is located at 9000 Landings Drive in the Manassas, VA market.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 270
• Square Footage: 286,470
• Address: 9000 Landings Drive
• Market: Manassas, VA
• Buyer: Bridge Investment Group
• Seller: University Village Apartments, LLC
• Sale Brokers: Brian Crivella, Bill Gribbin, Yalda Ghamarian, Jack Canepa & Drew White - berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>Berkadia
• Lender: Freddie Mac
• Mortgage Broker: Brad Williamson & Christopher Ellis - berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>Berkadia

berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>berkadia'>Berkadia facilitated both the sale and financing of the 270-unit garden-style apartment community. The financing included a five-year fixed-rate Freddie Mac loan with features such as a three-year interest-only period and a 35-year amortization. This underscores the ongoing institutional demand for multifamily assets in Northern Virginia.