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AvalonBay Communities Sells 684-Unit Gaithersburg, Maryland, Apartment Complex for $117 Million

GAITHERSBURG, Md., March 02, 2017 (GLOBE NEWSWIRE) -- Transwestern today announces it represented AvalonBay Communities in the disposition of Eaves Gaithersburg, a 684-unit apartment community at 750 Clopper Road in Gaithersburg, Maryland. The property, which was built in 1974, sold for $117 million, or $171,053 per unit. Transwestern's Mid-Atlantic Multifamily Group, led by Co-Directors Dean Sigmon and Robin Williams, represented the seller in the transaction. The property was purchased by Or

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