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Southern Towers Trades in Largest Apartment Deal in DC-Area History

CIM Group Pays $506 Million for 2,311-Unit Portfolio in Alexandria, Virginia

Snell Properties and Caruthers Properties developed the five-building Southern Towers, including the Stratford at Southern Towers, in 1960. (CoStar)
Snell Properties and Caruthers Properties developed the five-building Southern Towers, including the Stratford at Southern Towers, in 1960. (CoStar)

Snell Properties and Caruthers Properties have sold the Southern Towers in Alexandria, Virginia, in a deal that represents the largest transaction in the history of the D.C.-area apartment market.

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