The Dumont was sold as part of the bankruptcy proceedings involving the original developer. The Purchaser is an entity controlled by Chicago based Equity Residential who has already begun leasing units under the property name of 425 Mass. The transaction is the largest apartment sale in the Washington, DC Metropolitan Area this year and one of the largest in the country.
Allen Manesh, President of Ideal Realty Group would like to thank all of the team members who worked on this sale, including the team leaders for this transaction, Dean Sigmon and Craig London. “Dean and Craig have worked continuously on this transaction for more than two years. As a result of their persistence and deep knowledge of the DC housing market, the best possible outcome has been achieved for all parties.” said Manesh.
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