SPI Weekly Korean Market Update(12/21~12/26)

2021. 12. 27 · Byungki Koh

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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

IGIS Purchases Multi-Family in Virginia for USD 262 million IGIS Asset Management has purchased a multi-family residential complex located in Virginia, USA. This is a high-end rental housing that has recently increased in demand for housing mainly from Millenials and Gen Z that expects to have stable rental income and resale profit. IGIS purchased The Foundry Apartments which are located in Alexandria, Virginia for USD 262 million. The building was completed in 2020 and has a total of 520 units. This is a Class A rental housing is mainly for high-income renters. The current rental rate is 97%. IGIS Asset Management decided to purchase this building in anticipation of an […]

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Byungki Koh

Content Editor, Seoul Property Insight(SPI)

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