Multifamily news in Washington DC
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DC-Area LIHTC Portfolio Changes Hands for $31M
Greysteel facilitated the sale of 286 units spread across three affordable properties, which are restricted to residents age 62 and over.
29 November 2018 15:03 -
MD Student Housing Price Sets Record
CBRE assisted Greystar and Rockpoint Group in the $235 million sale, which marks the largest transaction for a single student housing asset in the U.S.
28 November 2018 17:59 -
Luxury Mixed-Use Project Underway on Capitol Hill
SGA Cos. and Evergreen Private Finance are developing The Rushmore, which will feature 117 high-end apartments, street-level retail and a revamped historic building on Pennsylvania Avenue.
27 November 2018 14:50 -
Demand, Supply Strike a Balance in Washington, D.C.
The metro’s growing multifamily market is backed by strong population gains and steady economic expansion.
13 November 2018 14:58 -
Amazon’s HQ2: The Multifamily Impact
Executives weigh in on the implications for residential markets in Crystal City, Va., and Long Island City, N.Y., Amazon's future HQ2 campuses.
07 November 2018 22:45 -
On the Market: 5 Interesting Listings for the Week of 10/29
This week's listings include a two-property portfolio in McAllen, Texas, a turnkey investment opportunity in Rhode Island, and more.
02 November 2018 17:34 -
JV Lands $156M Financing for VA Property
HFF arranged the floating-rate loan for Modera Avenir Place on behalf of the owner, a partnership between Mill Creek Residential Trust and institutional investors advised by J.P. Morgan Asset Management.
01 November 2018 17:12 -
J Street Begins Work on 9-Unit DC Condo Project
John Marshall Bank provided construction financing for The Pacifica, a luxury community to be built at the confluence of Dupont Circle and West End neighborhoods.
25 October 2018 15:01 -
Penzance Targets Metro Washington with $255M Fund
For its first private-equity fund, the investor-developer anticipates parlaying capital into a portfolio valued at $800 million to $1 billion
19 October 2018 17:21 -
Snell Enters D.C. Luxury Market With $43M Buy
Elysium Fourteen, situated in central Washington, D.C., is an adaptive reuse project incorporating two historic buildings. The property includes 12,800 square feet of retail.
18 October 2018 13:41 -
Top 10 Largest Metro DC Multifamily Developments
Despite the vast majority of recently delivered communities being classified as luxury rentals, many of the biggest projects underway contain significant affordable components.
12 October 2018 12:22 -
VA Apartments Command $90M
HFF facilitated the sale of a six-story, 173-unit multifamily property in Ballston, on behalf of a joint venture between The Penrose Group and Clark Enterprises.
11 October 2018 18:22 -
FCP Sells Multifamily Assets to Reliant Group for $71M
The sale of the three properties marks the final disposition of FCP’s St. Charles Portfolio, which the company originally acquired in 2009.
05 October 2018 17:02 -
Morgan Properties Buys DC-Area Community for $62M
HFF brokered the sale of the 308-unit community, which is located inside the Capital Beltway and within a 10-mile drive of downtown D.C.
21 September 2018 13:52 -
FCP Sells Affordable Communities in DC Area for $56M
The properties are part of the larger St. Charles portfolio that the company purchased in 2009 and is selling in stages.
19 September 2018 16:09