The value underpinning the growing trend of co-living multifamily properties in D.C. will soon be tested, with two Common properties hitting the market for sale.
Marcus & Millichap announced Monday it was retained to market the Common Monroe and Common Richardson properties for sale. The properties are both owned by Bethesda-based Outlier Realty Capital, property records show.
Marcus & Millichap is the nation’s largest brokerage firm focused exclusively on investment sales. It is based on a simple premise: matching each property with the largest pool of pre-qualified investors. With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research, and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more about the company, please visit www.MarcusMillichap.com.