Woodmont Acquires Potomac West Apartments in Alexandria – A Strategic Investment in the Heart of the City

Woodmont Acquires Potomac West Apartments in Alexandria - A Strategic Investment in the Heart of the City

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.”

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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