Mexico City Investor Expands D.C.-Area Portfolio, Buys The Residences at City Center in Manassas Park for $51.5 Million

Hasta Capital re-entered the Washington, D.C.-area multifamily market, this time to acquire The Residences at City Center in Manassas Park, VA, from True North Management Group.

Hasta, a multifamily investment firm out of Mexico City, paid $51.5 million to acquire the 291-unit mid-rise apartment and retail complex at 170 Market St. in Prince William County. The per unit price comes to nearly $177,000 per unit.

CRC Cos. out of Arlington, VA,…