JBG Smith Sells Reston Apartments To Swedish Investor For $93M

Swedish investment firm Akelius is continuing to grow its D.C.-area portfolio with its first acquisition in Reston.
The investor closed Monday on the $93M acquisition of the Fairway Apartments in Reston from JBG Smith, Bisnow has learned. The 346-unit, garden-style apartment community sits at the intersection of North Shore Drive and Wainwright Drive, less than a mile from Reston Town Center.
Its amenities include a playground and a grilling and picnic area. It is also near a stop on Silver Line Phase 2, now expected to open next year.
CBRE brokered the sale on behalf of JBG Smith. The REIT has been focusing much of its efforts on Amazon HQ2 and…

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