Washington, DC, Multifamily Report – February 2023
Washington, D.C, remained one of the nation’s sturdiest rental markets.
29th Street Capital Expands DC-Area Footprint
Solaire Apartments in Silver Spring, Md., is the company’s latest acquisition.
DC-Area Affordable Project Receives Final Approval
The plan envisions a 532-unit mixed-income community.
Skanska Tops Out $128M DC Project
This NoMa development is expected to come online in 2024.
Aimco JV Lands $94M for DC-Area Project
Partners include the Washington Metropolitan Transit Authority and the Amazon Housing Equity Fund.
2 Firms Land $25M Financing for DC Affordable Housing
EagleBank is providing the construction loan for the project.
NAHB Economists Forecast Weakening Multifamily Market
At the International Builders’ Show, experts predicted that construction starts will decline this year.
Enterprise to Bring Solar Power to DC Affordable Communities
The project will install 2.2 megawatts of solar panels across more than 500 units.
Crescent Communities Breaks Ground in DC
The project is expected to earn LEED Silver and Fitwel certifications, in line with the developer’s commitments to sustainability.
Crescent Communities Sells 539-Unit DC Asset
The community is within walking distance of Capitol Hill.