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April 11, 2018  

Rentals Available in Northern Virginia

An apartment complex with potential for upgrades is for sale in a fast-growing area of Northern Virginia.The 806-unit Dulles Greene, in Herndon, is 96% occupied. It’s expected to draw bids of around $190 million, or $236,000/unit. At that valuation, a buyer’s initial annual yield would be about 5.5%.JLL is marketing the complex for a partnership between Toll Brothers of Horsham, Pa., and Lowe Enterprises of Los Angeles.The marketing...

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