September 2015

McDowell Properties Acquires The Summit in Alexandria, VA

McDowell Properties has completed the acquisition of The Summit, a 141 unit apartment property located in Alexandria, VA. McDowell Properties is excited about the Metro D.C. market and the long long-term economic prospects in Northern Virginia.  The property is well located in an infill submarket with high household incomes and is close to public transportation, local jobs, and retail and entertainment centers.  McDowell Properties is planning on spending additional capital to modernize the common area amenities and renovate the interiors to further increase value.

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