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Jair Lynch Acquires Plaza Towers And Surpasses $400 Million Attainable Housing Investment Goal

Dec 09, 2021•over 3 years ago

Description

Jair Lynch Real Estate Partners, a leading owner and developer of mixed-use properties and attainable housing in the DC metro area, announced this week the acquisition of the 288-unit, high-rise Plaza Towers located in Hyattsville, Maryland. Jair Lynch purchased the 11-story multifamily asset from New York-based Angelo Gordon & Co. and Donaldson for $65.8 million. Transwestern Real Estate Services brokered the transaction

Company Information

Company

Jair Lynch Real Estate Partners

About

Jair Lynch Real Estate Partners is a leading real estate investment and development firm in the Mid-Atlantic market that specializes in the thoughtful transformation of walkable urban places. Founded in 1998, Jair Lynch has acquired, developed, and operated a portfolio of residential, commercial, and neighborhood assets that contribute to the company's mission of creating extraordinary places. The firm has developed over 6.3 million square feet of real estate projects, currently has $1.8 billion of assets under management, and has a controlled pipeline of 2.7 million square feet valued at more than $1 billion. Visit www.jairlynch.com to learn more. SOURCE Jair Lynch Real Estate Partners