According to DC public records, the Barclay Apartments at 16th and Corcoran streets have just sold for $16M. A deed recorded yesterday shows that an affiliate of the Van Metre Companies purchased the property from Carmel Partners. Van Metre also purchased the property next door, the Ravenel Apartments, last summer. Carmel Partners CIO Christopher Beda says the firm still sees DC as one of its core markets, and that Carmel will "remain active in pursuing investment opportunities and growing our portfolio in the DC metro area."
Speaking of multifamily, our 3rd annual DC Mid-Year Multifamily Summit arrives this Tuesday (June 3) at the Willard, where Bozzuto Management's Stephanie Williams (left) will be on hand to update y'all on the lease-up of the firm's many projects. We've got a packed panel of 15 other speakers, too, who will weigh in on DC's oversupply concerns and many other hot topics. Sign up here.
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