Mid-Atlantic
Continental Realty Closes $211M Fund
The company’s fifth vehicle, which targets value-add multifamily and retail investments throughout the Mid-Atlantic and Southeast, has acquired a rental property in Raleigh, N.C.
Developers Close on $38M in Financing for DC Project
Located next to an historic theater in Washington, D.C.’s Deanwood neighborhood, The Strand Residences will deliver 86 affordable units by January 2021.
Capital Square 1031 Expands Virginia Portfolio
The 409-unit community in Woodbridge previously traded in 2013 and received $5 million in renovations since then. The new owner plans to finish the upgrades.
Washington, DC-Area Community Lands $93M Loan
The Fannie Mae financing package will be used for renovations at the community, including a primary goal to increase energy efficiency by at least 30 percent.
Maryland Apartments Change Hands
Newmark Knight Frank facilitated a $61.8 million acquisition loan for the sale of Concord Park at Russett, a 335-unit community in Laurel.
Harbor East, Bozzuto Group Open Luxury High-Rise on Baltimore Waterfront
Dubbed Liberty Harbor East, the 22-story community is situated on the site of a former Bethlehem Steel shipyard.
Affordable Housing Services 2.0: Health & Wellness Programs
Avanath Capital Management’s Alicia Bramble and Ada Arevalo talk about how the shift toward lifestyle services and away from physical amenities is impacting the affordable housing market in the Washington, D.C., area.
DC Rental Property Commands $37M
Montgomery Housing Partnership acquired the 394-unit affordable housing community in a transaction facilitated by Greysteel.
Energesco, FCP Invest in Energy Efficiency at The Woods at Addison
The project is partially financed through a grant from the Maryland Department of Housing and Urban Development’s Multifamily Energy Efficiency and Housing Affordability Program.
$1B Redevelopment Breaks Ground in Baltimore
The city’s housing authority started the first phase of a six-year plan that will create 1,345 new residential units, as well as a variety of community resources and services.