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In Suburban Washington, Older Apartments Sell for $139 Million

Market With Promise of Amazon’s Second Headquarters Attracts Another Investor
Older, cheaper apartments such as the Dale Forest complex in Woodbridge, Virginia, might benefit from proposed developments nearby. (CoStar)
Older, cheaper apartments such as the Dale Forest complex in Woodbridge, Virginia, might benefit from proposed developments nearby. (CoStar)
By John Doherty
CoStar News
October 26, 2020 | 9:26 P.M.

Two suburban Washington, D.C., apartment complexes have sold for $139 million, according the CoStar data. The deal comes as the area’s rental market has been driven in recent months by the promise of a new Amazon headquarters in Alexandria, Virginia, and other new proposed developments.

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