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Berkadia Finances $40 Million Multifamily Purchase in Washington, D.C., Area

Deal Comes As Market’s Transaction Volume Has Declined and Inventory Expands
The Fortis Cos. bought the 162-unit Marlowe Apartments in Arlington, Virginia, from Equity Residential. (CoStar)
The Fortis Cos. bought the 162-unit Marlowe Apartments in Arlington, Virginia, from Equity Residential. (CoStar)
CoStar News
May 14, 2024 | 8:43 P.M.

Mortgage broker Berkadia has secured financing for the purchase of a vintage high-rise multifamily property near e-commerce giant Amazon’s second headquarters, known as HQ2, in Arlington, Virginia. The deal comes as transaction volume has declined significantly in the greater Washington, D.C., area and inventory levels expand.

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