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December 19, 2018  


Virginia Apartment ComplexHasta Capital purchased a luxury apartment building in Alexandria, Va., last week. The Mexico City investment firm paid $65.5 million, or $328,000/unit, for the 200-unit E-Lofts, at 4501 Ford Avenue. The capitalization rate is in the neighborhood of 5%. HFF represented the seller, a partnership between Cafritz Interests of Washington and Clark Enterprises of Bethesda, Md. The former office building was redeveloped in...

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