Deal Close
August 12, 2026
Type
Multifamily, 4 units
Price
$1,400,000
Michael Murray
Mid-Atlantic Multifamily Team
Executive Summary
This was the third and final property Greysteel sold for Aria Residential as the developer continued divesting smaller assets from its portfolio, closing in roughly 35 days — fast for a DC transaction.
The buyer was a long- standing Greysteel client drawn to the location and the potential to add bedrooms to oversized units.
The Challenge
Small, non-core assets like this one typically move slower through a developer’s broader portfolio strategy, and closing timelines in DC tend to run longer given TOPA and other local requirements.
The Solution
Trust built across two prior transactions with the same seller let Greysteel move efficiently on this one, pairing it with a long-standing client whose interest in the specific location and unit configuration made for a fast match.
Results
- $1,400,000 sale price, TOPA-exempt
- ~35-day closing, notably fast for DC multifamily
- Completed a three-property divestment relationship with Aria Residential
- Buyer positioned for a bedroom-count and rent-growth play in oversized units
“Leveraging established relationships with both parties, Greysteel secured a long-standing client as the buyer and completed the TOPA-exempt transaction in approximately 35 days. The buyer was attracted to the property’s core location, potential to increase bedroom counts and rents, and long-term appreciation opportunity.” — Michael Murray, Greysteel Lead Deal Contact, Mid-Atlantic Multifamily Team
Greysteel Advisory Expertise
Greysteel is a commercial real estate advisory firm specializing in investment sales and debt and structured finance, serving private investors, middle-market operators, and institutional clients nationwide.
The firm provides sector-focused advisory across multifamily, healthcare, and affordable housing and other commercial real estate asset classes, delivering market intelligence, capital markets expertise, and disciplined execution.
