Transactions - MAY 19, 2017

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Recent commercial real estate transactions

by Andrea Waitrovich

Transactions reported this week included the sale of a multifamily property in Virginia.

Monogram Residential Trust has acquired the 265-unit Latitude Apartments in Arlington, Va., for $143 million, or about $539,623 per unit. The seller was The Penrose Group.

The property consists of two 12-story buildings with 3,115 square feet of ground-floor retail.

Another high-priced multifamily deal was in Los Altos, Calif. Stanford University paid $130.5 million for Colonnade Los Altos, a complex of 167 apartments and 12,000 square feet of retail space. The seller was not disclosed.

Buyer Seller Property Location Size

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