Cortland buys 298-unit, Park at Pentagon Landing, from Dweck Properties for for $104.25M ($349,832/unit)

  • 8/14/2024

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Two years after Cortland launched into the D.C. area with a $1B deal to buy four Arlington apartment buildings, it has made another major acquisition in the county. The Atlanta-based apartment owner purchased a 298-unit apartment building near Amazon HQ2 for $104M, according to Arlington County property records. The price works out to about $350K per unit. Dweck Properties was the seller of the 1990-built property at 801 15th St. S. The D.C.-based company had purchased the building in 2019 for $117M. 

Dweck Properties
Andrew VanHorn | President & Chief Development Officer
Cortland
Michael Kolshak | EVP, Investments, Co-Portfolio Manager, Value Add Fund

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