Press Release
Jair Lynch Development Partners Acquires Abingdon House Apartments in Northern Virginia
December 06, 2010
Jair Lynch Development Partners has acquired Abingdon House, a multifamily residential building with 82 rental apartments in Arlington, Virginia.
The property is located within walking distance of both the Pentagon City and Crystal City Metro stations – which provide light-rail access to points throughout the Washington, D.C., metropolitan area – as well as the shopping, dining and entertainment amenities of Crystal City and the Fashion Centre at Pentagon City.
The acquisition marks the second investment by Jair Lynch Development Partners through its joint venture with MacFarlane Partners, which owns a minority-ownership stake in Jair Lynch Development Partners as well as invests in properties developed or acquired by the Washington, D.C., real estate firm.
MacFarlane Partners made the investment in Jair Lynch Development Partners on behalf of its venture with the California State Teachers’ Retirement System that invests both in and alongside emerging and high-growth real estate companies active in urban property markets.
Click here to read the press release issued by Jair Lynch Development Partners on December 6, 2010.
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