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Denver REIT Closes on DC Area Apartment Portfolio for $510 Million

Apartment Income REIT Adds 1,400 Units to Holdings, Though Pending Sale Also in the Works
The portfolio included the 576-unit Vaughan Place at McLean Gardens in Northwest Washington. (CoStar)
The portfolio included the 576-unit Vaughan Place at McLean Gardens in Northwest Washington. (CoStar)
By Scott Crue
CoStar Research
November 15, 2021 | 11:05 P.M.

A Denver real estate investment trust is shaking up its Washington, D.C., area portfolio after completing a significant purchase in the market while in talks to sell several of its other properties in the area.

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News | Denver REIT Closes on DC Area Apartment Portfolio for $510 Million