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Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Bloom Apartments, a 692-unit opportunistic apartment investment in a rapidly gentrifying submarket of the dynamic Richmond MSA. The current owner has invested significant capital in deferred maintenance, building systems and renovations to bring units back online. The Property is
50% preleased and a new owner can realize significant upside by bringing the balance of units back online at fully renovated levels given the Property’s location squarely in the path of growth in Richmond.

The area surrounding Bloom Apartments is one of the most up and coming submarkets in Richmond. Newly built apartment communities, including Canopy at Ginter Park, have established a new rental ceiling for the submarket and created a rental gap of $1,195 between Bloom Apartments and the top of the competitive set. Additionally, the Ginter Park neighborhood is adjacent to downtown Richmond and Scott's Addition, one of the area’s newest and most vibrant areas. Additional development is imminent given the recently adopted rezoning plan between Brook Road and Chamberlayne Avenue that will accelerate mixed-use development into the neighborhood surrounding Bloom Apartments. Bloom Apartments presents investors the rare opportunity to acquire a large scale, opportunistic apartment project in a rapidly gentrifying neighborhood within the high growth Richmond economy.
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Bloom Apartments
692 Units
3211 Chamberlayne Avenue
Richmond, VA  23227
Posted: 9/26/2019
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present The Rushmore, a 117-unit Class AA apartment community currently under construction in one of Washington, DC’s most iconic neighborhoods. The Property is expected to be completed in the Winter of 2019 and is being offered as a presale opportunity. The Rushmore will be best-in-class with unobstructed views of the United States Capitol Building and condo quality interior finishes and amenities. The Property is positioned in Capitol Hill, one of the District’s most sought after neighborhoods within walking distance to the Eastern Market and Potomac Avenue Metro stations as well as significant retail and entertainment destinations in Barracks Row. The Property’s exceptional location and asset quality presents investors with a rare opportunity to acquire a newly constructed, vacant, Class AA apartment community in one of the District’s most highly desirable neighborhoods.
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The Rushmore
117 Units
1220 Pennsylvania Avenue SE
Washington, DC  20003
Posted: 7/17/2019