Sekisui House Asset Management buys Washington, D.C., apartment for $279m

Sekisui House Asset Management, which manages Sekisui House REIT, has announced plans to buy City Ridge, a U.S. residence property type in Washington, D.C., for $279 million.

The property is a mixed-use community made up of several buildings, including residential, office and commercial. The rental housing consists of six buildings, which are organized under four different brands. Of the six buildings, four buildings, comprising three different brands, are the subject of this acquisition. The property has a full range of amenities available to all residents, including a co-working space terrace, 24-hour fitness gym, library, rooftop greenhouse, pet spa and washing station, electric car rentals, 24-hour concierge and a members-only rooftop pool club with theater screen, along with other amenities that make this a luxurious property where tenants can spend quality time without having to leave the ground