Washington D.C.
Washington, DC, Multifamily Report – Summer 2020
While relatively well insulated for the current downturn, the metro’s fundamentals recorded some softening over the past two quarters.
Capital Square Secures Construction Loan for Virginia OZ Project
The firm will use the financing for a mixed-use community in the Scott’s Addition Opportunity Zone in Richmond, Va.
Gilbane Completes 4 Student Housing Projects
The company has delivered more than 3,000 beds across developments located in Maryland, Oregon, Georgia and Arizona.
Foulger-Pratt Lands $54M HUD Loan for Maryland Community
Berkadia secured the short-term, non-recourse financing for the 235-unit Monument Village at College Park.
FirstService Residential to Manage Virginia Condo Community
The 525-unit River Towers Condominium features three nine-story buildings in Old Town Alexandria.
Ground Breaks on Washington, DC’s 1st Modular Apartments
The boutique community is being developed by Community Three Development and Rooney Properties.
CIM Group Acquires Washington, DC-Area Towers for $506M
The blockbuster deal includes 2,346 units across five buildings in Alexandria, Va.
Pantzer Properties Buys Washington, DC-Area Community for $71M
Berkadia represented the seller in the disposition of the 304-unit Point at Palisades in Manassas Park, Va.
FirstService Grows Washington, DC Portfolio
The company will provide property management services to a 161-unit co-up building in the Adams Morgan neighborhood.
Standard Communities Names Mid-Atlantic Managing Director
Matt Sislen joins the company from Audubon Enterprises, an affordable housing advisory firm he co-founded in 2012.