Boston Properties sells trophy Northern Virginia multi-housing community trades for $141m

Boston Properties has sold The Avant, a 359-unit, trophy multi-housing community located in Reston, Va., for $141 million.

JLL Capital Markets represented the seller and secured acquisition financing on behalf of the undisclosed buyer.

Built in 2014, The Avant features studio and one-, two- and three- bedroom units with an average size of 917 square feet. Units feature culinary-inspired kitchens, granite countertops, stainless steel appliances, hardwood-style flooring and marble vanities in the bathrooms. Community amenities include a resort-style pool with outdoor patio, outdoor terraces with gas grilling stations and dining seating, rooftop dog park and covered outdoor lounge, expansive club room, private meeting rooms and conference areas, and a club-quality fitness center.

The property is one of only three multifamily assets located in the heart of Reston Town Center, Northern Virginia’s premier live-work-play environment. The Avant’s unmatched location