{"id":1004126981,"date":"2015-09-07T06:48:07","date_gmt":"2015-09-07T14:48:07","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=360138"},"modified":"2020-04-30T09:11:18","modified_gmt":"2020-04-30T17:11:18","slug":"greysteel-sells-another-apartment-community-in-d-c","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/greysteel-sells-another-apartment-community-in-d-c\/","title":{"rendered":"Greysteel Sells Another Apartment Community in D.C."},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<div id=\"attachment_360140\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Belmont-Crossing.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-360140\" title=\"Belmont Crossing\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Belmont-Crossing.jpg\" alt=\"Belmont Crossing\" width=\"300\" height=\"201\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Belmont Crossing<\/p>\n<\/div>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.greysteel.com\/\" target=\"_blank\" rel=\"nofollow\">Greysteel<\/a>\u00a0 has arranged the sale of\u00a0Belmont Crossing\u2014an apartment community located at 4201 7th St. in Washington, D.C.\u2014 at\u00a0an undisclosed price.<\/p>\n<p style=\"text-align: justify;\">The company&#8217;s Mid-Atlantic multifamily investment sales team represented the seller, Seventh Street Southeast, L.P., in the transaction. The team included Ari Firoozabadi, John Mullen, W. Kyle Tangney, Lance Ahmadian, Mike Bediones, Jake Ying, and Alicia Orkisz. Belmont Crossing was acquired by Belmont Crossing Apartments LLC.<\/p>\n<div id=\"attachment_360139\" class=\"wp-caption alignleft\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/John-Mullen.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-360139\" title=\"John Mullen\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/John-Mullen.jpg\" alt=\"John Mullen\" width=\"300\" height=\"267\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">John Mullen<\/p>\n<\/div>\n<p style=\"text-align: justify;\">The multifamily community is located within minutes of the District\u2019s downtown and the Capitol Hill neighborhood, close to numerous federal employment centers. It consists of 25 three-story buildings with a total of 275 units. According to Greysteel, Belmont Crossing operates under the Section 42 Low Income Housing Tax Credit program, which reserves units for residents whose income does not exceed 60 percent of the Area Median Income.<\/p>\n<p style=\"text-align: justify;\">\u201cWard 8 continues to attract a wealth of development, evidenced by the massive redevelopment of St. Elizabeths and the proposed mixed-use transformation of the Congress Heights Metro Station,\u201d Senior Director John Mullen said in a statement. \u201cAs cost of living in the neighborhood increases, Belmont Crossing will continue to be a haven for affordable living. We applaud both buyer and seller in their commitment to providing affordable housing and participating in the exciting evolution of this community.\u201d<\/p>\n<p style=\"text-align: justify;\"><em>Photo credit: <\/em><a href=\"https:\/\/www.greysteel.com\/\" target=\"_blank\" rel=\"nofollow\"><em>Greysteel<\/em><\/a><em> <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greysteel has arranged the sale of yet another D.C. apartment community.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1615],"tags":[],"class_list":["post-1004126981","post","type-post","status-publish","format-standard","hentry","category-latest","category-washington-dc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Greysteel Sells Another Apartment Community in D.C. - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/greysteel-sells-another-apartment-community-in-d-c\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greysteel Sells Another Apartment Community in D.C.\" \/>\n<meta property=\"og:description\" content=\"Greysteel has arranged the sale of yet another D.C. apartment community.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/greysteel-sells-another-apartment-community-in-d-c\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-07T14:48:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-30T17:11:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Belmont-Crossing.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greysteel-sells-another-apartment-community-in-d-c\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/greysteel-sells-another-apartment-community-in-d-c\/\",\"name\":\"Greysteel Sells Another Apartment Community in D.C. - 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