Recent commercial real estate transactions

Transactions reported this week include the close of the first tranche of a $461 million multifamily deal.

WashREIT has closed on its $379.1 million acquisition of a portfolio of five multifamily assets in Northern Virginia, totaling 1,685 units. The suburban properties represent the first tranche of a larger $461 million, 2,113-unit multifamily portfolio acquisition that the REIT has dubbed “Assembly.”

The second tranche of the value-add transaction will consist of two apartment communities totaling 428 units in Montgomery County, Md. WashREIT, which announced the signing of the portfolio deal in early April, said it plans to fund both tranches of the acquisition through the sale of select office and retail assets.

The seller was not disclosed, but Yardi Matrix data indicates the previous owner of the five Northern Virginia assets was Pantzer Properties, which picked u