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ALEXANDRIA, VA. — Boston-based investment company The DSF Group has secured $165.9 million in financing for the acquisition of Town Square at Mark Center, a 678-unit apartment and townhome community in Alexandria. IPA Capital Markets, a division of Marcus & Millichap, arranged the loan, which features a 35-year amortization schedule.
Town Square at Mark Center rises five stories at 1459 N. Beauregard St. Units come in one-, two- and three-bedroom floor plans, according to Apartments.com. Monthly rates begin at $1,925 for a one-bedroom apartment. The property was constructed in 1996 and was 98 percent occupied at the time of the deal.