TruAmerica acquires 236-unit Chase Heritage Apartments in Sterling, Virginia for $72M ($305K/unit) from McDowell Properties

6/3/2025

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REBusinessOnline

• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: TruAmerica Multifamily, McDowell Properties, Marcus & Millichap (NYSE: MMI)

TruAmerica Multifamily has purchased Chase Heritage Apartments, a 236-unit community located at 1212 Chase Heritage Circle in Sterling, a suburb of Washington, D.C. McDowell Properties sold the garden-style property for $72 million. Robert Dean and Jonathan Greenberg of Institutional Property Advisors’ (IPA) Mid-Atlantic office represented the seller in the transaction.