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305-UNIT MULTIFAMILY PROPERTY SELLS FOR $9.5 MILLION IN MARYLAND

OXON HILL, MD. — Laurel, Md.-based Dragone Realty Investments has acquired Azalea Woods, a multifamily property located at 1101 Kennebec St. in Oxon Hill. Built in 1963, the 305-unit property features three-story, garden-style buildings and a five-story, mid-rise building. Miami-based LNR Partners sold the property for $9.5 million. Bill Roohan, Mike Muldowney, Andrew Boyer, Michael Rudolph, Jonathan Greenberg, Brian Margerum, Martha Hastings and Tim Bonebrake of CB Richard Ellis' Washington, D.C., Multi-Housing Team brokered the transaction.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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