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