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Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present the Alister Columbia Portfolio – a two-property value-add opportunity located in the highly desirable submarket of Columbia, Maryland. Both Alister Columbia and Alister Town Center Columbia have significant operational and in-unit renovation upside within exceptionally well maintained and amenitized assets. Columbia’s demographics are some of the best in the nation with median household incomes exceeding $115K per annum and one of the most sought-after public school systems in the country in Howard County. The area’s high quality of life, major employers, strong economic engine, and geographic positioning between Baltimore and DC have translated into outstanding renter demand. The Alister Portfolio will provide investors ample economies of scale within one of the region’s most coveted locales.
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Under Contract
Alister Columbia Portfolio
344 Units
8909 Early April Way
Columbia, MD  21046
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present The Geller Associates Portfolio – a trio of properties containing 344 townhomes and flat-style apartments in Newport News, one of the fastest-growing and most sought-after submarkets within the Hampton Roads region. Newport News, in conjunction with the broader Hampton Roads metro area, has experienced a sustained period of economic, population, and employment growth borne out of significant government and government-related private investment in the region. The portfolio allows new investors to enter the market with scale or expand upon an existing presence, and rents at the properties are about $250 to $500 below average market rents for comparable product in the area. This inherent rent growth comes on top of a strong local apartment market that experienced 8.1% year-over-year rent growth in 2022 with 5.5% stabilized vacancy. Furthermore, all three properties carry accretive, assumable agency financing with a below-market fixed interest rate, three years of Interest Only payments remaining, and 10 years of term until maturity. All in all, The Geller Portfolio offers a potent combination of size and scale, rental upside, attractive in-place financing, and desirable locales next to major Newport News employers across the Defense, Manufacturing, Education, and Healthcare industries.
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Under Contract
Central Newport Collection
344 Units
84 Tall Pines Way
Newport News, VA  23606
Cushman & Wakefield is pleased to present Revel (the “Property”), a 395,018 SF newly constructed trophy mixed-use asset consisting of 500 multifamily units (of which 104 units are subject to a long-term master lease from a corporate housing firm, Churchill Living), 39,051 SF of retail space, and a 130-space commercial parking garage in Washington DC within the NoMa neighborhood. Revel presents the exceedingly rare opportunity to own a neighborhood anchor, mixed-use development nestled in the heart of NoMa - an area nearing the end of a decades-long transformation from a fledgling industrial hub into Washington DC’s fastest growing neighborhood. Newly constructed and delivered in September 2022, Revel offers 355,967 SF of trophy residential and exceptional street-focused retail and outdoor spaces designed for community activities - both intertwined into one single asset well below current replacement costs. With NoMa’s resident population expected to double by 2026, Revel checks all the boxes for a potential investor as it was designed to be a 24-hour hub for residents who want to live, shop, work, and dine in the immediate area and destined to be at the forefront of this rapid transformation and booming housing demand.
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Revel Apartments
500 Units
1005 First St NE
Washington, DC  20002
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present The Flats at Columbia Pike – a value-add asset in Silver Spring, MD outside of Washington, DC. The asset offers immediate scale and has been extremely well maintained with $3.1 million invested in capital improvements including 100% replacement of windows and sliders over current ownership’s three years of operations. The property is being sold with attractive assumable financing with a below market rate and two years of interest only remaining. Approximately 10% of units have been renovated, generating $200 rent premiums, and the ability exists to continue or expand upon the current renovation scope for additional rent increases. The ability to add or improve upon current amenities could also generate additional premiums. The property is uniquely positioned in Montgomery County, Maryland allowing residents access to unparalleled private and public employment, with multiple government agency headquarters, the University of Maryland, and the I-270 Life Sciences Corridor all less than 25 minutes away. Furthermore, the property is within walking distance of the White Oak Transit Center with coveted Flash Bus Rapid Transit service that runs along traffic-bypass lanes to fast track daily commutes. Overall, the asset’s outstanding condition, size, rental upside, and assumable financing in one of the most desirable metro areas on the East Coast make The Flats at Columbia Pike a rare multifamily investment opportunity.
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The Flats at Columbia Pike
529 Units
11542 February Circle
Silver Spring, MD  20904