Arnold & Porter, Arent Fox Guide $82M Va. Multifamily Deal

Law360 (July 14, 2020, 4:20 PM EDT) -- Arnold & Porter represented a venture of Jair Lynch Real Estate Partners and global asset management shop Nuveen with its $81.5 million purchase of a Woodbridge, Virginia, apartment complex from Arent Fox-counseled real estate firm FCP, a transaction FCP announced Tuesday.

The deal is for the 408-unit Potomac Vista Apartments at 14101 Kristin Court, located just west of the Occoquan Bay National Wildlife Refuge, Belmont Bay and the Occoquan River.

FCP had owned the property for nearly four years, having purchased it in August 2016.

"FCP is pleased with the success of our business plan at Potomac Vista, including significant capital...

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