270-Unit Manassas Gated Community Sells: The D.C. Deal Sheet
Bridge Investment Group has purchased another Northern Virginia multifamily property — this time in Manassas.
The private equity affiliate of Apollo Global Management acquired Masons Keepe, a 17-building gated community at 9000 Landings Drive, according to Berkadia, which represented the seller and secured the buyer financing.
Pomeroy Cos. sold the property for $85M, the Washington Business Journal reported Friday.
Berkadia Senior Managing Director Brian Crivella said in a release earlier this month that the Manassas market “continues to attract institutional interest” due in part to the city's affordability relative to the broader D.C. area.
“Masons Keepe stands out because of its sizable floorplans, strong occupancy, and the opportunity to create additional value through a thoughtful interior renovation program,” he said.
Crivella and his Berkadia colleagues Bill Gribbin, Yalda Ghamarian, Jack Canepa and Drew White arranged the sale. Berkadia’s Brad Williamson and Christopher Ellis secured a five-year, fixed-rate loan with a 70% loan-to-value ratio on behalf of the buyer.
In December, Bridge acquired a 409-unit community in Woodbridge, Berkadia, which arranged the loan, announced at the time. That followed its October 2024 purchase of an 806-unit Herndon apartment complex for $250M. Earlier that year, it acquired the 1,180-unit Mason at Van Dorn in Alexandria with Florida-based Shoreham Capital.
LEASES
Columbia Property Trust inked 72K SF of leases at its 1800 M St. NW office building during the second quarter, the owner announced this week. Those leases include a new 4K SF restaurant, Sorn Thai, which is expected to open in February 2027 on the ground floor. Wilkinson Barker Knauer also signed an eight-year extension for its 34K SF, The Association of Women's Health, Obstetric and Neonatal Nurses signed a nine-year renewal for 9,600 SF, and The American Academy of Family Physicians signed a new 10-year lease for 9,600 SF.
Columbia completed a renovation to the property earlier this year, which included a new conference facility, redesigned rooftop terrace, enhanced penthouse lounge, redesigned lobby and concourse level, a mothers suite and four wellness rooms.
SALES
Garfield Investments and Broad Creek Capital acquired a 182K SF building next to Farragut Square for $26.2M, Garfield announced this week. The sale hasn’t yet been recorded in D.C. deed records. James Campbell Co. was the seller, according to a Garfield spokesperson. Garfield said it plans to invest $10M in capital improvements to the property, including adding an amenitized 12th floor with a conference center and tenant lounge leading out to a rooftop terrace. Work is set to begin in the fall.
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Trammell Crow Co. sold a 353-unit Brookland apartment building for $84.5M, D.C. deed records show. The Washington Business Journal first reported the sale. The Dallas-based Trammell Crow sold 2607 Reed St. NE to Irvine, California-based Trinity Property Consultants. Trinity secured a $59.8M acquisition loan from CBRE Multifamily Capital Inc., deed records show. In a subsequent filing, CBRE Multifamily Capital assigned the trust to Fannie Mae. The property was developed in 2021 by Trammell Crow’s residential development arm, High Street Residential, according to the WBJ.
PERSONNEL
The Prince George’s County Planning Board, a body that is part of the Maryland-National Capital Park and Planning Commission, has a new chair. Kevin Anderson was sworn in Monday after being appointed by Prince George’s County Executive Aisha Braveboy and confirmed by the county council. Anderson, who served for two years as Maryland’s commerce secretary, is set to head the five-member Planning Board for a four-year term. He replaces Darryl Barnes, who resigned in May following alleged misconduct and ethical violations.
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Michael Meyer is joining Skanska as a vice president of asset management, a newly-created role “focused on strengthening asset performance across the company’s U.S. commercial development portfolio,” the developer announced this week. Meyer will be based in D.C. and report to Skanska Chief Financial Officer Pablo Rabagliati. Meyer comes from Redbrick LMD, where he was also a vice president of asset management. Prior to that role, he led multifamily asset management for MRP Realty as an assistant vice president, according to his LinkedIn profile.
