Commercial Observer Avanath Capital Management has paid $103 million, or $328,025/unit, for the 314-unit 2M Street Apartments in Washington, D.C. The Irvine, Calif., investment manager bought the 12-story property, at 2 M St. NE, from WC Smith, a Washington developer that had built it in 2014. The building, which has 4,100 square feet of ground-floor […]

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