Washington D.C.
Top Multifamily Markets for Construction Activity
The top 10 metros account for about 40 percent of all units underway.
UIP Cos. to Develop $112M DC-Area Community
The project is slated for completion in 2023.
Ares Management Corp. JV to Bring Mixed-Use Development to DC
Scheduled for completion in 2024, the community will rise on the current site of the city’s housing agency headquarters.
Akridge JV Breaks Ground on DC Mega Project
Upon delivery, Phase I will comprise 1,100 units and 35,000 square feet of retail.
Cortland Acquires 4 in Virginia for $1B
Two of the properties in the Rosslyn and Pentagon City submarkets have closed, with two more on the way.
Greystone Provides $20M for DC-Area Community
The Fannie Mae DUS loan pays out the Class B community’s existing debt.
Quad Property Group Buys Northern Virginia Asset
The company is planning interior and exterior renovations.
Urban Atlantic Scores $80M for DC-Area Affordable Housing
EagleBank and Amazon’s Housing Equity Fund provided financing for the 291-unit project.
FCP JV Buys Maryland Apartments for $72M
Walker & Dunlop represented the buyers in the transaction.
Washington, DC, Multifamily Report – February 2022
Despite lagging national rent growth, the D.C. area is registering strong occupancy gains.