The Windsor at Shirlington Village apartment complex in Arlington, Va. has been acquired by Waterton in an undisclosed sale. Located three miles from the Pentagon on S. Randolph St., the 404-unit community was built in 1992. The community is composed of 132 apartments in an eight story tower and 272 in a low rise building. Waterton plans to update the facility and will brand the asset as The Citizen at Shirlington Village. The purchase marks Waterton’s fourth multifamily acquisition in 2017. “There’s a strong demand for luxury rental housing in the D.C. area with close access to transportation,” said Matthew Masinter, senior vice president of acquisitions at Waterton,. “We jumped at this opportunity to acquire an attractive asset and will employ our improvement strategy to position us better against the competition. When Waterton renovates a property, we strongly consider convenience and strive to go above and beyond cosmetic improvements.”
