101 North Ripley Apartments
Update
06/14/22
Alexandria Multifamily Trades for $50M
Continental Realty Corporation has sold 101 North Ripley Apartments in Alexandria, Virginia for $50.1M to Willow Creek Partners. CRC was represented by CBRE, led by Bill Roohan, Robert Dean and Jonathan Greenberg. The community offers 189 units originally constructed in the 1960s. After acquiring the asset in 2011 for $23M, CRC completed an extensive property improvement program that focused on the installation of new windows and sliding patio doors, renovation of common-area hallways and laundry rooms, and conversion of an under-utilized outdoor pool into a new parking lot with 45 residential parking spaces.
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