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Kettler Sells m.flats in Mt. Vernon Triangle for $106.5 Million

Ogden CAP Properties Purchases 233-Unit Apartment Bldg.
November 18, 2014
New York City-based Ogden CAP Properties acquired a 13-story Mount Vernon Triangle apartment building from McLean, VA-based Kettler for $106.5 million, or approximately $457,000 per unit.

Known as m.flats, the 200,000-square-foot urban infill multifamily community delivered this month at 450 K St. NW between 4th and 5th Streets in Washington, D.C.'s Mount Vernon Triangle. The 233-unit luxury apartment building consists of studios, one- and two-bedroom units, and includes approximately 7,000 square feet of at-grade retail space and below-grade parking.

Representatives from HFF coordinated the disposition on behalf of Kettler.

Please see CoStar COMPS #3162905 for more information on this transaction.
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