Waterton Acquires 404-Unit Apartment Community in Arlington, VA

The Citizen at Shirlington Village Apartments, Arlington, VA 

CHICAGO, IL (Aug. 22, 2017) – Waterton, a U.S. real estate investor and operator, today announced the acquisition of a 404-unit rental community in Arlington, Va., approximately 3 miles southwest of the Pentagon.

Built in 1992 and formerly known as Windsor at Shirlington Village, the property at 3000 S. Randolph St. is being rebranded as The Citizen at Shirlington Village following Waterton’s acquisition.

Matthew Masinter

Offering a mix of one-, two- and three-bedroom floor plans – 132 units in an eight-story tower and 272 in a low-rise component – the community is located within The Village at Shirlington, a small transit-oriented neighborhood with a host of shopping, dining and entertainment options.

“The Citizen offers the walkable, urban-inspired lifestyle many renters seek in an accessible location close to the Pentagon and jobs throughout the D.C. metro,” said Matthew Masinter, senior vice president of acquisitions at Waterton. “Because the property was developed 25 years ago, it also presented us with an opportunity to add value through strategic improvements that will enhance the marketability of the community.”

On-site amenities at The Citizen include an outdoor pool, grilling stations and five courtyard areas, as well as a resident clubhouse, reservable community room, 7,000-square-foot fitness center and racquetball court.

The Citizen marks Waterton’s fourth multifamily acquisition in 2017.

                                                                                                      

For more information on this news release, please contact:

Gretchen Muller, gmuller@taylorjohnson.com (312) 267-4511

Abe Tekippe, atekippe@taylorjohnson.com (312) 267-4528

www.waterton.com.

www.thecitizenatshirlingtonvillage.com.

(703) 379-4141