Genesis Capital has provided $86.4 million of financing to fund the $120 million, or $600,000/unit, purchase of the 200-unit CityHouse Ashburn Station townhome complex in the Washington, D.C., suburb of Ashburn, Va. A venture of American Real Estate Partners of McLean, Va., and GreenBarn Investment Group of Morristown, N.J., purchased the property from its developer, […]

The post Built-to-Rent Townhome Complex in D.C. Area Sells for $120Mln, Gets $86.4Mln Loan appeared first on Commercial Real Estate Direct.