Oakwood®, wholly owned by Mapletree Investments, will manage Mapletree’s latest acquisition of a 184-unit residential property at 1550 Clarendon Boulevard in Arlington, Va., from AvalonBay Communities.
Located in Arlington’s desirable, bustling Rosslyn neighborhood, known for the quality lifestyle it offers, the property is conveniently located near Washington, D.C.’s Capitol Hill district, the Pentagon, Reagan Washington National Airport and the National Mall. Oakwood Arlington’s units are fully furnished and offer business professionals, individual travelers and long-term residents a spacious, comfortable apartment stay experience. Oakwood has managed this property for more than a decade; Mapletree’s purchase is based on its confidence in the growing Northern Virginia market.
“Mapletree is proud to continue expanding its footprint to include Northern Virginia. Like our recent acquisition in Chicago, we have been eyeing this region as it is a growth marke
