The Alcott VA Update 04/23/24

Arlington Multifamily Acquired for $45.5M

Gables Residential has sold Gables12 Twenty One in Arlington to Bozzuto for $45,500,000. Now dubbed, The Alcott, the property features 132-market rate units, just a 5-minute walk from the Rosslyn-Ballston Corridor. Amenities include an outdoor courtyard with lounge seating, a resident lounge with entertaining kitchen, and a fully-equipped fitness center. Berkadia had listed the property this past fall and at the time reported the building to be 96% occupied. 


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