Affinius Capital finances 508-unit Signature at Reston Town Center

Reston, VA — Affinius Capital LLC announced the closing of a loan for the acquisition of Signature at Reston Town Center, a two-building, 508-unit, 21 story, class A, multifamily property with 25,000 s/f of retail space and 1,200 parking spaces located within Reston Town Center in Reston. The loan was made to a joint venture between Sterling Investors, an SEC-registered real estate investment manager, and Simpson Housing, a vertically integrated manager of multifamily properties across the United States.

Costa Kontoulis, managing director at Affinius Capital commented, “This transaction marks our entry into a key Washington, DC submarket and establishes our partnership with Sterling Investors and Simpson Housing. Reston’s strong economic growth, highly educated workforce, and exceptional connectivity make it a compelling market for institutional investment. Signature at Reston Town Center aligns with our strategy of financing newly constructed, quality housing assets in supply-constrained markets. The sponsors have deep expertise in the multifamily sector that will support the property’s performance and stability.”

The financing was arranged by Grant Frankel, Matt Brody, and Axel Azcue of Eastdil Secured.

Located in the heart of the Reston Town Center, Signature at Reston Town Center features studios, one-bedroom, two-bedroom, and three-bedroom apartments, as well as lofts and penthouses. The residences were built to premium standards offering unit amenities including convenient keyless entry, designer curated kitchens.