January 17, 2021
Newmark has arranged the $103 million sale of The Edition, a 351-unit apartment or condo residential property in Hyattsville, MD.
. Situated at 3401 East-West Highway in Hyattsville, the home offers walkability to a number of retail and also lifestyle amenities in addition to a number of popular companies such as the National Center for Wellness Statistics, Prince George’s Neighborhood College, and also The Shopping Center at Royal prince George’s. The mid-rise rental neighborhood was supplied in 2019 as well as includes 351 market-rate house residences. Unit functions consist of stainless-steel devices, hardwood-style floor covering, ground floor and also platform devices, walk-in storage rooms as well as stackable washing machines and dryers.
Christine Espenshade and Robert Garrish of Newmark stood for the vendor in the purchase, a joint venture between Fore Residential property Co. and PCCP LLC. The purchaser, Akelius, is a global homeowner with about 2,000 rental houses in Metro D.C. in addition to various other realty holdings around the world.
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