News
Cortland Partners Buys 630-Unit Ashburn Apartments
July 15, 2016
StoneRidge Apartments
Cortland Partners has purchased a 630-unit Loudoun County apartment complex, with CBRE brokering the deal.
Ashburn’s StoneRidge Apartments, at 19900 Broad Vista Terrace, was attractive due to its proximity to One Loudon, a Silver line-adjacent mixed-use development that has already delivered 400 units of residential, 130k SF of office and 300k SF of retail.
“StoneRidge has consistently delivered strong revenue trends and offers a clear path to obtaining higher premiums through a modest renovation program,” CBRE SVP Jonathan Greenberg said in a release.
