UIP & IRE PARTNERSHIP ACQUIRES 114-UNIT APARTMENT BUILDING IN DC’S ADAMS MORGAN

“Urban Investment Partners (UIP) in partnership with Infinity Real Estate (IRE) of New York City has acquired a 114-unit apartment building at 1841 Columbia Road, NW in Washington, DC, formerly known as The Alcazar, for $26 million. The seller was Fairfield Residential Company. Arbor Commercial Mortgage of New York provided the acquisition and project debt financing for the venture.”

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