MANASSAS, VA–Panco Strategic Real Estate Fund III, an affiliate of New York City-based Pantzer Properties, has acquired a 576-unit apartment community here for $115 million, or $199,653 per unit. The community, now called Chatsworth Park, will be renamed The Point at Manassas per Pantzer’s brand.
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Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She’s a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.