Washington D.C.
$277M MD Portfolio Changes Hands
The four-asset NOAH portfolio brings Morgan Properties’ total multifamily investments to $1.2 billion and more than 8,600 units during the past year.
HFF Secures Loan for DC Community
The 142-unit luxury apartment community is part of City Market @ O, a mixed-use two-block development in the Shaw neighborhood of Washington, D.C.
ARA Newmark Brokers Sale of $131M MD Asset
The Avanti is a 930-unit community in District Heights, Md. Constructed in 1965, the property underwent renovations between 2012 and 2016.
CIM Snags Apartment Community in Suburban DC
EOS Twenty-One offers 1,180 units across 14 buildings. The asset is part of the Van Dorn Corridor and has undergone recent renovations.
Landex Development Breaks Ground on DC-Area Apartments
The company’s second residential development project in Brentwood, Md., Artisan 4100 is scheduled to be completed in 2019 and will feature sustainable living options.
KeyBank Secures $56M for MD Community
Verde at Greenbelt Station is a 302-unit, LEED-certified luxury apartment community in Prince George’s County, Md. The refinancing was implemented through Freddie Mac’s Lease-Up Program.
The Wren Breaks Ground in DC
The nearly 300,000-square-foot mixed-use building will include a ground-level Whole Foods store and 433 residential units, of which 132 will be affordable.
Largest Rental Markets Flat at the End of the 2017 Peak Rental Season
Although over 80 percent of the nation’s local markets have recorded year-over-year rent growth in September, stagnating or decreasing prices have been noticed in the largest and most expensive cities in the U.S., where renters have long been waiting for some relief.
Kettler Announces New President
As the newly appointed president of the property management division, David Ohlrich will replace Cindy Clare and report directly to COO Usha Chaudhary.
JBG Lands $110M Refi for Iconic DC Asset
Atlantic Plumbing was erected in 2016 and designed by Morris Adjmi Architects. Aside from its 310 residential units, the building touts more than 19,000 square feet of ground-floor retail and restaurant space as well as a movie theater.