2M Update 12/16/21

NoMa Multifamily Trades for $103.5M

Avanath Capital Management has acquired the property at 2 M Street NE from WC Smith for $103.5M. The 315 unit multifamily building was constructed in 2014. The property features a mix of studio, 1, and 2 bedrooms with amenities including a rooftop pool, party room, indoor half basketball court, and 24-hour concierge. The ground floor includes 4,100 square feet of retail space.

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