IPA Capital Markets, a division of Marcus & Millichap that specializes in providing capital markets services for major private and institutional clients, recently secured $165.9 million in financing for the DSF Group’s acquisition of Town Square at Mark Center in Alexandria, VA.
The Los Angeles-based IPA Capital Markets team represented the borrower, DSF Group – a leading multifamily investment firm based in Boston. Located at 1459 N. Beauregard St., Town Square at Mark Center is a highly sought-after community with 678 apartment and townhome units situated in one of Northern Virginia’s top submarkets.
According to Cameron Chalfant, senior managing director at IPA Capital Markets: “With an impressive occupancy rate of 98%, this property presents an exceptional investment opportunity with significant potential for value enhancement.” He also noted that planned renovations will further improve the living experience and cater to the demands of high-quality tenants.
Brian Eisendrath, executive managing director at IPA Capital Markets added: “The prime location of Town Square at Mark Center combined with DSF Group’s forward-thinking approach and exceptional operational expertise make it poised for long-term success.” This transaction marks another successful deal completed by their team as they continue to stay active within the market.