Washington D.C.
$72M DC-Area Senior Housing Community Underway
The 210-unit facility will include assisted living, special needs and memory care units. The new development project will be completed by January 2018 and will create 48 full-time staff positions.
ROSS Promotes Billy Edwards to CFO
In his new role, Edwards will oversee the company’s accounting, finance, reporting and tax compliance functions, maximizing returns on investment and management assignments.
Marcus & Millichap Leads Sale of Dupont Apartments
The four-unit property sold for $2.3 million to a Washington, D.C., condo developer. Marcus & Millichap represented the seller, a private investor.
JV Wins Equity Funding for D.C.-Area TOD
A joint venture between Peter N.G. Schwartz Management Co. and Hensel Phelps Construction Co. obtained $16 million of preferred equity toward the development of Allure Apollo in Camp Springs, Md.
Gables Pointe 14 Shapes Up
Gables Residential began construction of a 370-unit upscale community comprised of two buildings and 16,000 square feet of modern amenities.
WC Smith Lands $183M Refi Through Green Certification Program
The company is using the loans, originated by Walker & Dunlop, to refinance Park Chelsea and 2M, two LEED-certified communities in Washington, D.C.
Donohoe Construction Tops Out DC Senior Living Community
Brandywine Living at Alexandria is scheduled for completion by year-end.
NHP Foundation Acquires DC Affordable Housing for $16M
Located in the gentrifying Brightwood section of Northwest Washington, D.C., Takoma Place consists of 105 units in seven buildings.
Greysteel Leads Sale of DC Affordable Community
The 105-unit Tacoma Place changed hands for $14 million.