Washington D.C.
UIP Closes Record Deal Following TOPA Bid
The deal followed tenants’ exercise of their right to purchase the transit-oriented property in the Capitol Riverfront submarket from J.P. Morgan Chase.
Safanad Expands Student Housing Portfolio
The joint venture plans to implement an immediate $5 million renovation program for the 910-bed student housing community, which serves students attending various Washington, D.C.-area universities.
First Step to Expanding Affordable Housing: More Research
Urban Institute Researcher Corianne Scally weighs in on the forces that are shaping affordable housing in 2018, and why the industry needs more evidence regarding the most efficient programs and solutions.
Overbuilding Tempers Growth in Washington, DC
Too much development is finally placing pressure on rents, but the capital region still ranks among the most stable multifamily markets in the U.S.
DCHFA Provides $11M Loan for Senior Community
The agency has provided financing for the construction of the 65-unit Trinidad property. Neighborhood Development Co., Tennyson Ventures and The Ardent Co. are spearheading the project.
DCHFA Closes $11M Deal to Fund DC Affordable Community
The agency issued $11.3 million in bond financing for the preservation of 94 affordable units at Maplewood Apartments in the southeast quadrant of the nation’s capital.
Enterprise Community Investment Combines With CPDC
The deal represents an opportunity for the companies to improve access to affordable housing at a time when prices are rising and credits are limited.
IDI Completes Luxury VA Property
The company completed the first of two buildings in its Rivergate community, located in Woodbridge. Kettler is handling the management.
Affordable VA Community Receives Preservation Deal
Standard Communities and the National Foundation for Affordable Housing Solutions acquired Park Shirlington in Arlington. Designed for low-income families, the property includes 294 units.
DC Community Receives $58M Loan
Citizens Bank arranged the loan for a 295-unit, Class A apartment community located in the Brookland neighborhood, northeast of the city center.