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Pembroke Acquires Arlington Property for $158.3 Million

1/8/2025

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Summary

Story summary

Pembroke has acquired Fitzroy, a 267-unit building in Arlington, Virginia, for $158.3 million, its first U.S. residential investment.
The nine-story building, opened in October 2023, boasts 96% occupancy and amenities such as a pool and co-working spaces.
This acquisition aligns with Pembroke's strategy to diversify its global real estate portfolio amid rising demand for quality residential properties.
Executives highlighted the importance of swift cash acquisitions to seize market opportunities effectively.

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Story summary

Pembroke has acquired Fitzroy, a 267-unit building in Arlington, Virginia, for $158.3 million, its first U.S. residential investment.
The nine-story building, opened in October 2023, boasts 96% occupancy and amenities such as a pool and co-working spaces.
This acquisition aligns with Pembroke's strategy to diversify its global real estate portfolio amid rising demand for quality residential properties.
Executives highlighted the importance of swift cash acquisitions to seize market opportunities effectively.