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RSE Capital Partners, Northpoint and Persimmon Partner on 227-Unit Alexandria High-Rise

June 29, 2018

A joint-venture partnership between RSE Capital Partners (“RSE”), Northpoint Realty Partners (“Northpoint”) and Persimmon Capital Partners (“Persimmon”) announced that it has closed on the refinancing of The Mark Apartments, a nine-story high-rise apartment complex in Alexandria, VA. Walker & Dunlop arranged the equity recapitalization and the Freddie Mac senior debt financing. The Mark is a high-rise apartment complex containing 227 units that was originally built in 1965 as apartments, and then converted into a hotel in 1971. Northpoint and Persimmon purchased the building in 2015 and converted it back into apartments, and are now implementing a unit interiors renovation plan.

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