Marcus & Millichap’s IPA Capital Markets Facilitates $165.9 Million Multifamily Financing in Northern Virginia
Marcus & Millichap's (NYSE:MMI) IPA Capital Markets division has arranged $165.9 million in financing for the DSF Group's acquisition of Town Square at Mark Center in Alexandria, Virginia. The 678-unit apartment and townhome community is currently 98% occupied and presents significant value-add potential through planned renovations.
The financing deal achieved 70% LTV with a 35-year amortization, and included an early rate lock with a treasury yield approximately 15 basis points below its peak. Located at 1459 N. Beauregard Street, the property offers modern amenities and strategic proximity to transportation routes, employment hubs, and retail centers.
This transaction highlights IPA Capital Markets' expertise in handling complex, high-profile deals. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.
La divisione IPA Capital Markets di Marcus & Millichap (NYSE:MMI) ha organizzato 165,9 milioni di dollari in finanziamenti per l'acquisizione del Town Square at Mark Center da parte del DSF Group ad Alexandria, Virginia. La comunità residenziale formata da appartamenti e case a schiera, composta da 678 unità, è attualmente occupata al 98% e presenta un significativo potenziale di valorizzazione attraverso le ristrutturazioni pianificate.
Il finanziamento ha raggiunto un LTV del 70% con un ammortamento di 35 anni, e ha incluso un blocco dei tassi anticipato con un rendimento dei Treasuries di circa 15 punti base al di sotto del suo picco. Situato al 1459 N. Beauregard Street, la proprietà offre servizi moderni e una posizione strategica vicino a vie di trasporto, centri occupazionali e aree commerciali.
Questa transazione evidenzia l'expertise di IPA Capital Markets nella gestione di operazioni complesse e di alto profilo. Marcus & Millichap ha concluso 7.546 transazioni nel 2023, con un volume di vendite di circa 43,6 miliardi di dollari.
La división IPA Capital Markets de Marcus & Millichap (NYSE:MMI) ha organizado 165,9 millones de dólares en financiamiento para la adquisición de Town Square at Mark Center por parte del Grupo DSF en Alexandria, Virginia. La comunidad de apartamentos y casas adosadas de 678 unidades está actualmente 98% ocupada y presenta un significativo potencial de valorización a través de las renovaciones planificadas.
El acuerdo de financiamiento logró un LTV del 70% con una amortización a 35 años, e incluyó un bloqueo anticipado de tasas con un rendimiento de la tesorería aproximadamente 15 puntos básicos por debajo de su pico. Ubicado en 1459 N. Beauregard Street, la propiedad ofrece comodidades modernas y una proximidad estratégica a rutas de transporte, centros de empleo y áreas comerciales.
Esta transacción destaca la experiencia de IPA Capital Markets en el manejo de acuerdos complejos y de alto perfil. Marcus & Millichap cerró 7,546 transacciones en 2023, con un volumen de ventas de aproximadamente 43.6 mil millones de dólares.
Marcus & Millichap의 IPA Capital Markets 부서(NYSE:MMI)가 DSF 그룹의 버지니아 애콰리든 알렉산드리아에 위치한 Town Square at Mark Center 인수에 대한 1억 6,590만 달러의 자금을 조달했습니다. 678 세대의 아파트 및 타운홈 공동체는 현재 점유율이 98%이며 계획된 개조를 통해 상당한 가치 향상 잠재력을 보여줍니다.
금융 거래는 70% LTV를 달성했으며 35년 상환 조건을 포함하고 있으며, 최고점을 약 15bp 하회하는 재무부 수익률로 조기 금리 고정이 포함되어 있습니다. 1459 N. Beauregard Street에 위치한 이 부동산은 현대적인 편의 시설과 교통 경로, 고용 허브 및 소매 중심지와의 전략적 근접성을 제공합니다.
이 거래는 IPA Capital Markets가 복잡하고 고급 거래를 처리하는 전문성을 강조합니다. Marcus & Millichap은 2023년에 7,546건의 거래를 완료했으며, 판매량은 약 436억 달러에 달합니다.
La division IPA Capital Markets de Marcus & Millichap (NYSE:MMI) a organisé 165,9 millions de dollars de financement pour l'acquisition de Town Square at Mark Center par le DSF Group à Alexandria, en Virginie. La communauté de 678 appartements et maisons de ville est actuellement occupée à 98% et présente un potentiel de valorisation significatif grâce aux rénovations prévues.
L'accord de financement a atteint un LTV de 70% avec un amortissement de 35 ans, et a inclus un verrouillage anticipé des taux avec un rendement des obligations d'État environ 15 points de base en dessous de son pic. Située au 1459 N. Beauregard Street, la propriété offre des commodités modernes et une proximité stratégique avec les routes de transport, les pôles d'emploi et les centres commerciaux.
Cette transaction met en avant l'expertise d'IPA Capital Markets dans la gestion de transactions complexes et de haut niveau. Marcus & Millichap a conclu 7 546 transactions en 2023, avec un volume de ventes d'environ 43,6 milliards de dollars.
Die IPA Capital Markets Abteilung von Marcus & Millichap (NYSE:MMI) hat 165,9 Millionen Dollar an Finanzierung für den Erwerb von Town Square at Mark Center durch die DSF Group in Alexandria, Virginia, arrangiert. Die Gemeinschaft aus 678 Wohnungen und Stadthäusern ist derzeit zu 98 % ausgelastet und bietet erhebliches Wertsteigerungspotenzial durch geplante Renovierungen.
Der Finanzierungsvertrag erreichte ein LTV von 70 % bei einer 35-jährigen Amortisierung und umfasste eine vorzeitige Zinsfestschreibung mit einer Treasury-Rendite, die etwa 15 Basispunkte unter dem Höchststand liegt. Die Immobilie befindet sich in der N. Beauregard Street 1459 und bietet moderne Annehmlichkeiten sowie eine strategisch günstige Lage in der Nähe von Verkehrswegen, Beschäftigungszentren und Einzelhandelsstandorten.
Diese Transaktion hebt das Fachwissen von IPA Capital Markets im Umgang mit komplexen, hochkarätigen Geschäften hervor. Marcus & Millichap hat im Jahr 2023 7.546 Transaktionen abgeschlossen, mit einem Umsatzvolumen von etwa 43,6 Milliarden Dollar.
- Secured large financing deal worth $165.9 million
- Property maintains high occupancy rate at 98%
- Achieved favorable financing terms with 70% LTV and 35-year amortization
- Strong 2023 performance with 7,546 transactions closed worth $43.6 billion
- None.
Insights
This
The property's 98% occupancy rate and value-add potential through planned renovations indicate strong underlying fundamentals, important in today's cautious lending environment. The successful execution of 70% LTV financing with a 35-year amortization period is particularly impressive given current market conditions, suggesting MMI's strong relationships with lenders and ability to structure attractive terms for institutional clients.
The strategic rate lock execution approximately
The deal also highlights MMI's evolution beyond traditional investment sales into higher-margin capital markets services, particularly important as the commercial real estate market navigates challenging conditions. The company's ability to execute complex, institutional-grade transactions strengthens its competitive position against larger commercial real estate services firms.
Looking ahead, this transaction signals MMI's growing capabilities in the institutional segment, suggesting potential for increased market share in capital markets services. The company's
IPA Capital Markets in
“Representing the DSF Group on this landmark transaction demonstrates IPA’s strength in handling complicated and high-profile deals that require nuanced market and finance expertise along with a customized approach,” said Brian Eisendrath, executive managing director, IPA Capital Markets. “Town Square at Mark Center’s prime location, coupled with the DSF Group’s forward-thinking vision and exceptional operational execution, ensures its potential for remarkable long-term success. The transaction also represented a strong finish to 2024 for our team as we begin another active stretch in the market.”
Eisendrath added: “Despite a rising treasury environment, achieving
Located at 1459 N. Beauregard Street, Town Square at Mark Center offers spacious apartments and townhomes with amenities that cater to modern lifestyles. Its proximity to major transportation routes, employment hubs, and retail centers solidify its position as a premier residential community in the region.
“With deep market knowledge and their extensive network, IPA Capital Markets has become a trusted advisor in helping clients achieve their growth and investment objectives,” said Evan Denner, executive vice president and head of business, Marcus & Millichap Capital Corporation.
About IPA Capital Markets
IPA Capital Markets is a division of Marcus & Millichap (NYSE: MMI). IPA Capital Markets provides major private and institutional clients with commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, and sponsor equity. For more information, please visit institutionalpropertyadvisors.com/capital-markets
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout
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Gina Relva, VP of Public Relations
Gina.relva@marcusmillichap.com
Source: Marcus & Millichap, Inc.
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