RailField Partners Acquires Multifamily in DC Suburb
RailField Partners announced the acquisition of Elme Watkins Mill, a 210-unit garden-style apartment community in Gaithersburg, Maryland.
The property has been renamed One80 Watkins Mill, and RailField plans to implement strategic property improvements. Located at 180 Watkins Station Circle, the property was built in 1975 and is situated on more than 11 acres. The community is currently nearly 100% occupied.
“One80 Watkins Mill represents exactly the type of community RailField seeks to acquire and preserve,” said Jon Siegel, Co-Founder and Chief Investment Officer at RailField. “This community provides an important workforce housing option for individuals and families who want access to excellent schools, employment opportunities, and transportation centers without sacrificing affordability while enjoying a high-quality living experience.”
The property is located approximately 15 miles from Washington, D.C., with convenient access to I-270 and major regional transportation routes. One80 Watkins Mill was purchased by RailField’s RG Value Add Fund, a programmatic joint venture with GCM Grosvenor.
Other News
Embrey, Southstar Close on $71M Construction Loan for Nashville-Area Apartment Project
PCCP provided a $71 million senior construction loan to a joint venture between EMBREY Partners and Southstar Development for the development of Crossings Boulevard, a 360-unit apartment community located at 4101 Legacy Point Trail in Spring Hill, TN. Completion of the project is anticipated for Q1 2028. Spring Hill is about a half hour from...
Learn more
Investor Duo Acquires Two Tennessee LIHTC Apartment Assets
Western Wealth Capital (WWC) acquired two Tennessee apartment communities; the River City North Apartment Homes in Chattanooga, Tennessee, and Meadow Creek Apartment Homes in Goodlettsville, Tennessee, just north of Nashville. WWC and its investment partner, FSO Capital Partners (FSO), closed on the 192-unit portfolio for a purchase price of $20.7 million. The transaction was brokered...
Learn more
Construction Underway on 325-Unit Apopka Rental Community
An affiliate of Hathaway Development has started work on The Exchange at Wyle Oaks, a 325-unit apartment community is Apopka, near Orlando. The project is one of the first at the 215-acre Wyld Oak mixed-use project. Financing for the approximately $71 million development includes a $47 million construction loan from Ameris Bank and $22 million...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout