Longtime Northern Virginia Investor Picks Up First Multifamily Complex in DC

Snell Properties has crossed the Virginia-D.C. border for the first time in its 70-year history to acquire a recently completed luxury apartment complex in the city’s 14th Street corridor from local firm and project developer, Madison Investments.

Snell, an Arlington, Virginia-based development and asset management firm that owns 4,500 apartments and owns and operates more than 300,000 square feet of office space across Northern Virginia, paid…