Multifamily news in Washington DC
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Walker & Dunlop Arranges $40M for Hotel-to-Multifamily Makeover
The firm structured equity and debt financing for The Mark, a 227-unit community in Alexandria, Va. Northpoint Realty Partners and Persimmon Capital Partners are the project sponsors.
14 June 2018 15:23 -
AHC Starts Work on $100M VA Affordable Project
An outdated property in Arlington will be transformed into a 256-unit community. The redevelopment is expected to be completed in 2020.
12 June 2018 09:40 -
FCP Sells Suburban DC Community for $25M
Built in 1968, River Pointe features 170 units and is situated roughly 14 miles south of Washington, D.C. The former owner purchased the property in 2011, as a value-add investment.
07 June 2018 18:38 -
Supply Surge Moderates Rent Growth in DC
The metro’s multifamily demand remains strong in the context of a high barrier to homeownership, while a steady influx of high-paying jobs continues to lure residents to the area.
04 June 2018 14:58 -
Affordable Housing Project for Veterans Breaks Ground in DC
TD Bank has facilitated a $9.5 million construction loan for an adaptive reuse project built on part of a former military building at the Walter Reed Army Base.
29 May 2018 14:01 -
JV Debuts DC Affordable Housing
Developed by Somerset Development Co., New Community Partners and Jonathan Rose Cos., Portner Flats features 96 units and a playground, a fitness center and a community garden.
22 May 2018 14:34 -
Bentall Kennedy Appoints New SVP in DC
Melanie Domres has more than 30 years of asset management experience, having previously founded Cafritz Interests' Multifamily Development division, as well as Novus Residences Management.
21 May 2018 15:21 -
WinnCompanies Redevelops 2 DC Affordable Housing Properties
In a two-year and $69 million endeavor, the company combined the 105-unit Atlantic Gardens and the 195-unit Atlantic Terrace and renamed the asset Atlantic Apartment Homes.
09 May 2018 16:01 -
JV Sells Luxury MD Property to BlackRock
Built in 2015, the Flats at Bethesda Avenue offers 162 units and 40,000 square feet of retail space.
08 May 2018 17:07 -
Luxury Condo High-Rise Coming to Tysons
Marketed as the Monarch, the 20-story tower will provide penthouses and one-, two- and three-bedroom apartments, all including private balconies.
25 April 2018 16:10 -
Middleburg Management Taps New President
Duane Wooldridge brings approximately 15 years of operational experience to the organization and will oversee the firm’s property management portfolio.
19 April 2018 11:06 -
Walker & Dunlop Secures $75M Refi for Properties in DC, CA
Located in central Washington, D.C., and Sacramento, the properties total 450 units. The bridge loans provide 12-month terms with flexible prepayment options.
05 April 2018 13:27 -
Avanath Buys 3 Affordable Communities in NJ, MD
Through its Affordable Housing III fund, the company bought two properties in Upper Marlboro, Md., and one in Wharton, N.J., with plans to upgrade the assets.
04 April 2018 15:52 -
DC-Area Portfolio Trades for $302M
FCP sold 11 communities in St. Charles, Md., to an affiliate of Strata Equity Group, after purchasing the properties in 2009 from American Community Properties Trust.
04 April 2018 13:36 -
Perseus, Four Points Begin Construction on VA Mixed-Use
The vacant government office building at 200 Stovall St. in Alexandria will feature 520 apartments and 25,000 square feet of ground-level retail upon completion in 2019.
21 March 2018 15:31