Greysteel arranges the receivership sale of a 227-unit multifamily portfolio in Southeast DC for $21.75m

June 5, 2019

WASHINGTON, DC — Greysteel, a national commercial real estate investment services firm, has arranged the receivership sale of Elsinore Courtyard and Fitch Apartments, a 227-unit multifamily portfolio in Southeast Washington, D.C.
Greysteel president & CEO, Ari Firoozabadi; managing director, W. Kyle Tangney; director, Herbert Schwat; senior investment associate Christian Alves and investment associate, Dutch Seitz all based out of the firm’s Washington, DC office sold the property on behalf of the receiver, E & G Group, and solely procured the buyer. The properties sold for $21.75 million which equates to approximately $96,000 per unit.

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