JV Purchases Washington DC Multifamily for $49M

The partnership of Shimizu Realty Development Inc. and Capital Security Advisors LLC purchased The Shaw apartment community from Monument Realty.

WASHINGTON DC – Full-service real estate firm, Monument Realty has sold its multi-housing apartment community in Northwest Washington DC for $49 million, to a joint-venture partnership between Shimizu Realty Development Inc. and Capital Security Advisors LLC.

The multifamily asset, The Shaw, offers residents a rooftop terrace and lounge and smart home technology including mobile app building access, latch keyless entry, a virtual front desk and integrated parcel locker systems for deliveries. The apartment community’s units feature open layouts, city spa bathrooms, chef-caliber kitchens and private balconies.

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Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.

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