Woodmont Real Estate Partners (WREP), a real estate investment firm that specializes in opportunities in the mid-Atlantic region, has recently completed its first acquisition. The company acquired Potomac West Apartments located in Alexandria, Virginia.
In an off-market transaction, WREP purchased the 60-unit affordable housing property with all-cash through a joint venture with an institutional equity partner.
“We are thrilled to kickstart Woodmont’s portfolio by acquiring Potomac West,” stated Brian Sobiecki, Managing Partner of WREP. “This well-positioned property is situated on 1.5 acres just blocks away from both the Potomac Yard Center and metro station. We are committed to being long-term owners of this asset within the thriving Northern Virginia market.”
