A partnership between LCOR and a fund managed by the Real Estate Group of Ares Management Corp. has sold Ravens Crest, a multi-housing property located in Manassas, Va., which is around 30 miles from Washington, D.C.
A partnership between a fund managed by Clarion Partners, LLC and Blackfin Real Estate Investors paid $113 million.
The garden-style Ravens Crest apartments total 444 one- and two-bedroom units that have been recently updated, featuring stainless steel appliances, updated lighting, cabinetry, granite countertops, walk-in closets, balconies or patios and wood-style flooring. The amenity-rich property also features a newly renovated clubhouse and fitness center, business center, picnic area with grills, playground, private swimming pool, and outdoor kitchen and recreation areas.
Ravens Crest also benefits from various neighborhood amenities, including a jogging trail located right behind the property, various restaurants and retail options within walk
