Mid-Atlantic
Employment Gains Spur Growth in Philadelphia
An evolving wage structure, influx of young professionals and boom in hospitality and development are helping the city’s multifamily market keep its head above water.
Historic DC Student Housing Starts Makeover
After housing government workers in wartime and serving generations of students, two historic dormitories in the nation’s capital will get a third life as market-rate communities.
JV Commits $50M to Mid-Atlantic Affordable Housing
Roughly 4,100 units will preserve their affordability, thanks to a partnership between TIAA and Enterprise Homes. The two companies acquired a 43-property portfolio from The Shelter Group.
CHC Real Estate Buys Class A Property in Odenton, MD
Cafritz Interests and Clark Enterprises Inc. sold NOVUS Odenton, a 244-unit luxury community. The asset was acquired free of any debt.
Greysteel Brokers Sale of DC Regenesis Portfolio
The five affordable properties include 482 units. President & CEO Ari Firoozabadi, Managing Director Kyle Tangney and Senior Investment Associate Alicia Orkisz arranged the transaction.
JV Wraps $100M Baltimore Development
Bozzuto Group, War Horse Cities, and Solstice Partners have completed work on Anthem House, a 292-unit community in the Locust Point district.
Baltimore Community Adds Cool Perk
2Hopkins is the first apartment community in the U.S. to implement the Smiota PoD smart lockers. These allow residents to use food delivery services and have round-the-clock access to their shipments by use of their smartphone.
VA Property Changes Hands in $65M Deal
The JBG Cos. disposed of Fairmont Gardens, a 388-unit multifamily community in Annandale, Va., one year after acquiring it for $47 million.
Waterton Secures DC-Area Luxury Community
Built in 1992, the 404-unit Citizen at Shirlington Village will undergo renovations to its unit interiors and common areas.
DC-Area Community Trades for $129M
Located one mile east of Interstate 270, Fenestra was completed in 2008 and is part of the 1.7 million-square-foot Rockville Town Square.