JBG Smith sells its only multifamily property in Bethesda to a big-name regional firm

WASHINGTON BUSINESS JOURNAL – The Peterson Cos. recently bought a luxury apartment in Bethesda from JBG Smith Properties, marking the buyer’s most recent addition to its expanding portfolio of acquired residential properties and the seller’s exit from Bethesda multifamily.

Peterson, one of Greater Washington’s largest privately owned development companies, acquired 8001 Woodmont Ave., a 322-unit, 452,000-square-foot residential tower a few blocks north of Marriott’s headquarters, on Feb. 19 for $194 million, or about $600,000 a unit.

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