Washington, D.C.

4107-Connecticut-Ave-NW-DC
Investment SalesNewsNortheastWashington, D.C.

Marcus & Millichap Arranges $4.7M Sale of 21-Unit Property in Northwest D.C.

by Lynn Peisner

WASHINGTON, D.C. — Marcus & Millichap has arranged the sale of 4107 Connecticut Ave. NW, a 37-unit apartment building in the Van Ness neighborhood of Washington, D.C. The asset sold for approximately $4.7 million. Marcus & Millichap also arranged $3.5 million in acquisition financing. The seller and buyer were identified as two LLCs, Sirius and White Crest, respectively. The four-story apartment building totals approximately 14,400 rentable square feet. The unit mix includes 21 studios, seven one-bedroom units and nine two-bedroom units. Built in 1957, the building has undergone recent renovations, …

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crest-DC
FinanceInvestment SalesNewsNortheastWashington, D.C.

Walker & Dunlop Arranges $119.7M Agency Loans for D.C. Investor WC Smith

by Lynn Peisner

WASHINGTON, D.C. — Walker & Dunlop has arranged two loans totaling $119.7 million for an acquisition as well as a refinancing for locally based buyer and borrower WC Smith. The developer and operator refinanced Crest at Skyland Town Center with a $67.2 million Fannie Mae loan and acquired The Albemarle with a $52.5 million Freddie Mac loan. Crest at Skyland Town Center is a 263-unit mixed-use property at 2219 Town Center Drive SE. The Albemarle is a 235-unit property at 4501 Connecticut Ave. It was built in 1958 and renovated …

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The-Waymark-DC
Affordable HousingDevelopmentNewsNortheastWashington, D.C.

The NRP Group Begins Construction of Mixed-Income Development in Washington, D.C.

by Lynn Peisner

WASHINGTON, D.C. — The NRP Group has begun construction of The Waymark in Washington, D.C.’s Ward 7 neighborhood, located on the east side of the District. The 109 one-, two- and three-bedroom apartments are income restricted at 30, 50 and 80 percent of area median income and include 22 units set aside as permanent supportive housing for individuals at risk of homelessness or who were previously unhoused. The property will include a fitness center and multi-purpose spaces. Development partner Marshall Heights Community Development Organization (MHCDO) will provide financial-literacy, career and …

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The-Marte-DC
Affordable HousingDevelopmentLeasing & MarketingNewsNortheastWashington, D.C.

Gilbane Begins Leasing $135M Second Phase of D.C. Affordable Housing Redevelopment

by Lynn Peisner

WASHINGTON, D.C. — Gilbane Development has begun leasing the second of its three-phase redevelopment at 7th Street and Barnaby Road in Southeast Washington, D.C. Phase II of Barnaby & 7th includes 229 units within four new residential buildings: The Stoneview, The Solomon, The Marte and The Lewis. Construction of these buildings is slated for completion by summer 2026. The four communities feature a mix of studio to three-bedroom units serving households earning 50 and 80 percent of the area median income (AMI). Twenty percent of the apartments will be set …

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Elle-DC
FinanceNewsNortheastWashington, D.C.

Newmark Arranges $64M Refinancing of D.C. Adaptive Reuse Project

by Lynn Peisner

WASHINGTON, D.C. — Newmark has arranged a $64 million refinancing loan for Elle, a newly developed office-to-residential conversion project in Washington, D.C. The 11-story multifamily community, which formerly served as the Peace Corps headquarters, opened in 2024 and was developed by Willco. The building is located in the Golden Triangle Business Improvement District (BID), a 44-square-block area that stretches from Dupont Circle to Pennsylvania Avenue. The Golden Triangle BID is a nonprofit that encourages economic development through capital improvement projects. Elle is comprised of 163 units, 8,000 square feet of …

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Fannie-Mae
Affordable HousingFinanceNewsNortheastWashington, D.C.

Fannie Mae Multifamily Loan Volume Rose 34 Percent in 2025

by Lynn Peisner

WASHINGTON, D.C. — Fannie Mae closed 2025 with a 34 percent year-over-year increase in multifamily loan volume. The agency provided approximately $74 billion in financing last year (compared with $55 billion in 2024), the highest figure since 2020. More than $8.3 billion funded affordable housing transactions, a 31 percent increase from 2024. Forty percent of all deals in 2025 were executed under Fannie Mae’s delegated underwriting model. The top-five DUS lenders last year were Walker & Dunlop ($8.95 billion); Wells Fargo ($7.75 billion); CBRE ($7.47 billion); Berkadia ($7.04 billion); and …

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Kingston-McLean
BerkadiaInvestment SalesNewsNortheastVirginiaWashington, D.C.

Berkadia Arranges Sale of Kingston at McLean Crossing in D.C. Metro

by Lynn Peisner

MCLEAN, VA. — Berkadia has arranged the sale Kingston at McLean Crossing, a 319-unit property in McLean that was developed in 2018. JLL Income Property Trust and LCOR were the sellers. Pantzer Properties was the buyer. The deal closed on Jan. 30, at which time the asset was 96 percent occupied. Berkadia’s Brian Crivella, Yalda Ghamarian, Bill Gribbin and Jack Canepa of Berkadia DC Metro represented the sellers. Since the acquisition, Pantzer has rebranded the asset The Point at McLean. Located at 7480 Birdwood Ave., Kingston at McLean Crossing comprises …

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NOVEL-Arlington-Virginia
Affordable HousingBuild-to-RentDevelopmentInvestment SalesNewsNortheastWashington, D.C.

Crescent Communities, Rockefeller Group Partner on D.C. NOVEL Project

by Lynn Peisner

ARLINGTON, VA. — Crescent Communities, in its first partnership with Rockefeller Group, has closed on a land sale for the future development of NOVEL Arlington. Early plans for the community call for 493 apartments and 37 townhomes rented at both affordable and market rates. Rent caps were not disclosed. The site, 5.5 acres at 2480 South Glebe Road, is about 3 miles west of Ronald Reagan Washington National Airport. Two existing hotels on the parcel are expected to be demolished to make way for the LEED Gold-targeted project. Completion is …

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Bonsai-Apartments-DC
BerkadiaFinanceNewsNortheastWashington, D.C.

Berkadia Arranges $9.5 Million Refinancing for July Residential’s Bonsai Apartments in D.C.

by Lynn Peisner

WASHINGTON, D.C. — Berkadia has arranged a $9.5 million refinancing loan for July Residential’s Bonsai Apartments, a newly constructed, 41-unit community in Washington, D.C.’s H Street corridor. The lender was Revere Capital, which provided a two-year floating-rate loan. Berkadia’s Mitch Sinberg, Matt Robbins, Scott Wadler and Brad Williamson of Berkadia Boca Raton and Miami, alongside Brian Gould of Berkadia D.C. Metro, arranged the financing. The transaction closed on Dec. 29. July Residential is headquartered in New York City with offices in Washington, D.C., and Boca Raton, Florida. The owner-operator’s portfolio …

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The-Bellevue-Hyattsville
DevelopmentMarylandNewsNortheastOperationsWashington, D.C.

EJF Capital Completes The Bellevue in Hyattsville, Maryland

by Lynn Peisner

HYATTSVILLE, MD. — EJF Capital has completed construction of The Bellevue, a 361-unit community in Hyattsville, about 7 miles northwest of Washington, D.C. The Opportunity Zone project was developed in partnership with The NRP Group. The Bellevue features studios, one-, two- and three-bedroom floor plans. Amenities include a fitness center, a coworking lounge, landscaped courtyards and structured parking.

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