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Washington REIT buys Alexandria, Va., apartment community from Greystar

Washington Real Estate Investment Trust bought the 277-unit Cascade at Landmark Apartments in Alexandria, Va., from Greystar Real Estate Partners LLC for a reported $70 million price, Connect Commercial Real Estate reported.

The multifamily property at 300 Yoakum Pkwy. last traded for $68.6 million in 2013, the report noted.