Berkshire Group Nabs Bozzuto Homes Development in DC
- Sep 30, 2016
By Jeffrey Steele
Washington—Boston-based Berkshire Group has announced it has purchased a 96-unit high-rise in Washington from Bozzuto Homes. Financial details of the transaction have not been disclosed.
Situated in the historic U Street corridor of the nation’s capital, the apartment community, Berkshire15, offers quick and convenient access to public transit on the city’s Metro rapid transit system, shops and restaurants, nightlife and entertainment meccas, a dedicated bicycle lane, a popular neighborhood park and downtown Washington.
Apartments at Berkshire15 offer upscale features and finishes. Among them are European-style cabinets, quartz countertops, floor-to-ceiling windows, energy-efficient appliances, in-home washers/dryers and wood flooring. A ground-level patio, concierge service, hotel-inspired lobby, gated electronic entrance, parking garage, extra storage units and bicycle storage highlight the array of common-area amenities. Residents can relax on a rooftop deck with views of the Washington Monument and National Cathedral.
“Washington, D.C., is a gateway market,” said Jack Dent, managing director & portfolio manager with Berkshire Group, in prepared remarks.
“And we believe it will continue to drive strong population and job growth in the future, given the metro area’s global importance. Berkshire15 fits well into our strategy of building a first-class core apartment portfolio in markets expected to outperform national apartment fundamentals over the long term,” he added.
The community sits within walking distance of Meridian Hill Park and is a quick ride to such D.C. attractions as Washington International School and Smithsonian National Zoological Park, DuPont Circle, Georgetown, the Washington Harbor and Foggy Bottom.
Berkshire Group is a real estate investment management company primarily known for its multifamily investment and operational experience.
Rendering courtesy of berkshirecommunities.com