Berkadia has completed the sale of The Commodore, a 423-unit luxury multifamily high-rise with ground-floor retail in Arlington, Virginia. The property is located at 2055 15th Street N in Arlington’s Court House neighborhood, a transit-accessible area within the greater Washington, D.C. metro.
The Commodore consists of 20 stories of residential space positioned above approximately 18,461 square feet of street-level retail. The multifamily component offers a wide range of layouts, including studios, junior one-bedrooms, one-bedrooms, junior two-bedrooms, two-bedrooms, two-bedrooms with dens, and luxury penthouse residences, reflecting a diversified unit mix within a single asset.
Berkadia’s DC Metro office arranged the transaction on behalf of the seller, Greystar Real Estate Partners, which is based in Charleston, South Carolina. The Berkadia team included Senior Managing Director Brian Crivella, Managing Directors Yalda Ghamarian and Bill Gribbin, and Associate Director Jack Canepa. GID acquired the property from Greystar.
In comments on the transaction, Crivella characterized The Commodore as an investment opportunity that combines design, resident amenities, and a transit-oriented location in what he described as one of the nation’s strongest apartment markets. His remarks underscore the appeal of the asset’s positioning within the Washington, D.C. metropolitan area and its integration of residential and retail components.
The Commodore’s combination of luxury apartments and ground-floor retail positions it as a mixed-use multifamily community serving both residents and neighborhood customers. Its location in the Court House neighborhood connects residents to a walkable environment and transit options while maintaining proximity to key employment and lifestyle destinations in the broader region.
The completed sale highlights ongoing investor interest in high-rise multifamily properties with complementary retail in established, transit-oriented neighborhoods. With Berkadia coordinating the disposition on behalf of Greystar and GID stepping in as the new owner, the transaction keeps a large, modern rental community in the hands of institutional real estate investors focused on high-density urban submarkets.
