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Resource Apartment REIT III Pays $36.4 Million for Alexandria, Virginia, High-Rise

McDowell Properties Sells 141-Unit The Summit Apartments
The Summit Apartments in Alexandria, Virginia. Photo: CoStar
The Summit Apartments in Alexandria, Virginia. Photo: CoStar
By Eric Jacobs
June 28, 2019 | 1:44 P.M.

A multifamily real estate investment trust out of Philadelphia added to its Mid-Atlantic holdings with the purchase of The Summit Apartments in Alexandria, Virginia, for $36.4 million, or about $258,156 per unit. 

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