The mammoth apartment managers, UDR, have acquired another apartment building to add to their 5,000+ units in the District. This 292-unit building is on Thomas Circle and is near some of their other properties including Andover House, View 14 and a project under development at 2400 14th Street. The $154M transaction was partly financed by the Kuwait Finance House and an interest-only loan from Fannie Mae. [DBJ; CityBiz]
Filed under: