THE MILESTONE GROUP ANNOUNCES ACQUISITION OF 870-UNIT MULTIFAMILY PORTFOLIO IN NORTHERN VIRGINIA
FAIRFAX, Va., Dec. 5, 2022 /PRNewswire/ -- The Milestone Group (Milestone) has announced its acquisition of a three-property, value-add, multifamily portfolio totaling 870 units in Fairfax County, Virginia, executing an off-market acquisition through a loan assumption that saved significant prepayment costs. The purchase price was not disclosed.
- FAIRFAX, Va., Dec. 5, 2022 /PRNewswire/ -- The Milestone Group (Milestone) has announced its acquisition of a three-property, value-add, multifamily portfolio totaling 870 units in Fairfax County, Virginia, executing an off-market acquisition through a loan assumption that saved significant prepayment costs.
- We look forward to executing our business plan and modernizing the assets to improve their position in the market."
- Milestone acquired the portfolio in its discretionary value-add fund, Milestone Real Estate Investors V, LP (Fund V), bringing Fund V to nearly 6,000 multifamily units and Milestone to 10,000 multifamily units across the United States.
- The Milestone Group is a leading, privately held real estate investment management firm with strong expertise and focus on value-add multifamily assets in major metropolitan markets of the United States.