Fraser Forbes Real Estate Services Announces $85 Million Closing

MCLEAN, Va., Feb. 24 /PRNewswire/ -- Fraser Forbes Real Estate Services is pleased to announce the closing of Vista on Courthouse in Arlington, VA.  

Mark Anstine, Executive Vice President, and Dan Lockard, Vice President, represented Chicago based Equity Residential (EQR) in the purchase of the 220 unit Vista on Courthouse high-rise rental apartments from Sunburst Hospitality for $85 million on January 28.   Vista on Courthouse delivered its first units in 2009.

Rich Samit, Fraser Forbes CEO and Co-Founder says, "We are pleased to have been involved in this important transaction with Equity Residential."

About Fraser Forbes

Founded in 1995, Fraser Forbes Real Estate Services (http://www.fraserforbes.com) is the premier, full-service real estate firm in the Washington DC Metropolitan market, specializing in land. The two principals of the firm have over 50 years of experience. The company's service groups include Land Sales, Financing Services, Management Services and Advisory Services. Fraser Forbes has consummated over 400 land transactions valued at in excess of $3 billion including over 30,000 residential lots and land entitled for in excess of 5 million square feet of commercial development. Whether representing clients buying and selling raw land for future development, brokering real estate transactions slated for office, retail, hotel and industrial uses, or rendering financing advisory and management services, Fraser Forbes empowers its clients to earn the highest returns on their investments.

SOURCE Fraser Forbes Real Estate Services