ASB Real Estate Drops $222M On DC-Area Apartment Towers

Law360, New York (December 2, 2013, 5:33 PM EST) -- ASB Real Estate Investments has purchased two recently completed luxury apartment towers in Rosslyn, Va., for $222 million from the JBG Cos., ASB said last week, as part of its effort to entrench the company into what ASB said is a rapidly growing location.

The deal gives ASB, a division of ASB Capital Management LLC, two high-rise towers — Sedona and Slate, both across the river from Washington, D.C., in Arlington County's Rosslyn-Ballston metro corridor and close to the Orange line Metro station as well as...
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