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Cushman & Wakefield has been exclusively retained by the Owner to arrange the sale of 245 Shawan Road ("245 Shawan", "The Site", or "The Property"), a 6.17 acre site in Baltimore County's most desirable locale - Hunt Valley, MD.  Located at the nexus of Interstate 83 and Shawan Road, the Site is an irreplaceable location that will create exceptional access to the MSA's top employers in addition to high-quality retail and lifestyle amenities.  The Site is zoned BM-CCC which provides attractive flexibility for developers and allows for up to 400 units to be built.  As one of only three sites in Baltimore County granted BM-CCC zoning, 245 Shawan represents an incredibly rare opportunity to build new multifamily product in the submarket and is poised to capture significant renter demand as residents flee the downtown market for the suburbs.

Hunt Valley is one of the most supply constrained submarkets in the Baltimore MSA with only one competing property and zero units in the development pipeline.  The area's exceptional demographics, high barriers to home-ownership, and attractive employment base are creating pent up renter demand and will create significant acceleration in the micromarket's apartment market fundamentals moving forward.  Developers are well-positioned to take advantage of these positive trends and deliver the next trophy multifamily project in this high-profile location.

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Under Contract
245 Shawan Road
   
245 Shawan Road
Hunt Valley, MD  21031
Posted: 12/7/2020
Arbor Trace Apartments is a rare opportunity to acquire an institutionally maintained asset with future upside potential in the Mid-Atlantic’s leading apartment market. The Property was built in 1985 and has had significant recent capital invested by ownership to enhance amenities, improve common areas and mitigate future risk associated with capital needs. Arbor Trace is 98% occupied and positioned near the bottom of its competitive set on an average rent basis. Rental premiums have been proven out on a renovation at the Property, which can be replicated and expanded upon for additional rent increases. The Property is located within the highly desirable Hilltop Retail corridor with significant lifestyle amenities within walking distance including one of only two Whole Foods Markets in the Hampton Roads region. Market fundamentals have remained strong through the Covid-19 pandemic which is evidenced in both the asset’s operations and across the submarket. The broader Hampton Roads apartment market has outperformed all other Mid-Atlantic investment markets over the past year with strong projections projected to continue in 2021 and beyond. This presents investors the ability to acquire an institutional quality asset in a robust apartment market with value-add upside in the highly sought after Virginia Beach market.
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Under Contract
Arbor Trace
148 Units
624 Suhtai Court
Virginia Beach, VA  23451
Posted: 3/23/2021
Group, as sole representative of the Owner, is pleased to present Jefferson Ridge and the Lynchburg Collection ("The Portfolio" or "The Properties"), a rare 123-unit portfolio located in Central Virginia. The largest asset of the portfolio, Jefferson Ridge, is a 68-unit community in the exclusive Forest submarket that offers a competitive mix of unit types dominated by larger townhome-style apartments. The balance of the portfolio includes four prime assets in desirable neighborhoods throughout the City of Lynchburg. The assets provide exceptional scale in the high growth Lynchburg MSA, which has demonstrated significant resilience during the Covid-19 Pandemic. The Properties are unique value-add opportunities with a combination of in-unit renovation potential and operational upside. In addition, Jefferson Ridge is being sold with excess land that can accommodate additional development. These value enhancing strategies will combine with future economic growth across the region from a variety of employment sectors that are keeping apartment fundamentals strong. Key industries, including the Meds & Eds sector, are seeing sustained economic growth that has caused the Lynchburg MSA to reach full employment with unemployment that has declined each month since April 2020. This coupled with the minimum wage in Virginia increasing to $9.50 (30% increase) will have a meaningful impact on the subset of renters found at Jefferson Ridge and The Lynchburg Collection. Economic stability and high barriers to entry is leading to incredible apartment market fundamentals as rent growth in Lynchburg totaled 2.9% year-over-year through 2020. The Properties also have a long rental runway with their individual primary competitors, allowing for significant, achievable rental upside. The Properties are all well occupied and repositioning the assets within their respective competitive sets will allow them to capture this increased rental demand and generate long-term stable cash flow for new ownership. The Properties are being offered as a portfolio, however Jefferson Ridge or the Lynchburg Collection may be purchased separately.
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Coming Soon
Jefferson Ridge & The Lynchburg Collection (5 properties, 123 units)
Holland House
18 Units
3710 Fort Avenue
Lynchburg, VA
Posted: 6/8/2021

Please click here to sign the Confidentiality Agreement.

Cushman & Wakefield has been retained as exclusive advisor and agent by the owner to offer for sale the Capital Properties DC Multifamily Portfolio (the "Portfolio" or the "Properties"), an unprecedented 1,400 unit apartment portfolio in the DC Metro area. Consisting of four properties - Vaughan Place (Washington, DC), Huntington Gateway (Alexandria, VA), the Residences at Capital Crescent Trail (Bethesda, MD), and North Park Apartments (Chevy Chase, MD) - the Portfolio offers investors immense scale in these infill locations with additional embedded upside. Built between 1973 and 2002, the Properties present a variety of renovation opportunities while all holding significant rent deltas with the top of their respective competitive sets. The Portfolio is well positioned to take advantage of stable apartment fundamentals stemming from attractive future growth in the DC region. The Properties all have dynamic connectivity to core economic drivers like the federal government, a robust biosciences sector, and Amazon HQ2, which position the DC region as an outperformer moving forward compared to similar metros. This Offering provides investors with the unique opportunity to acquire significant scale in this safe-haven market with attractive organic economic growth prospects and embedded value-add upside. The Portfolio is offered as a 100% fee simple interest or as a recapitalization opportunity with the sponsor, Capital Properties. Offers on the entire portfolio or on individual assets will be entertained.

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Under LOI
Capital Properties Portfolio (4 properties, 1,400 units)
Huntington Gateway
443 Units
5982 Richmond Hwy
Alexandria, VA  22303
Group, as sole representative of the Owner, is pleased to present Jefferson Ridge and the Lynchburg Collection ("The Portfolio" or "The Properties"), a rare 123-unit portfolio located in Central Virginia. The largest asset of the portfolio, Jefferson Ridge, is a 68-unit community in the exclusive Forest submarket that offers a competitive mix of unit types dominated by larger townhome-style apartments. The balance of the portfolio includes four prime assets in desirable neighborhoods throughout the City of Lynchburg. The assets provide exceptional scale in the high growth Lynchburg MSA, which has demonstrated significant resilience during the Covid-19 Pandemic. The Properties are unique value-add opportunities with a combination of in-unit renovation potential and operational upside. In addition, Jefferson Ridge is being sold with excess land that can accommodate additional development. These value enhancing strategies will combine with future economic growth across the region from a variety of employment sectors that are keeping apartment fundamentals strong. Key industries, including the Meds & Eds sector, are seeing sustained economic growth that has caused the Lynchburg MSA to reach full employment with unemployment that has declined each month since April 2020. This coupled with the minimum wage in Virginia increasing to $9.50 (30% increase) will have a meaningful impact on the subset of renters found at Jefferson Ridge and The Lynchburg Collection. Economic stability and high barriers to entry is leading to incredible apartment market fundamentals as rent growth in Lynchburg totaled 2.9% year-over-year through 2020. The Properties also have a long rental runway with their individual primary competitors, allowing for significant, achievable rental upside. The Properties are all well occupied and repositioning the assets within their respective competitive sets will allow them to capture this increased rental demand and generate long-term stable cash flow for new ownership. The Properties are being offered as a portfolio, however Jefferson Ridge or the Lynchburg Collection may be purchased separately.
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Coming Soon
Jefferson Ridge & The Lynchburg Collection (5 properties, 123 units)
Ivy Court
8 Units
681 Leesville Road
Lynchburg, VA
Posted: 6/8/2021
Group, as sole representative of the Owner, is pleased to present Jefferson Ridge and the Lynchburg Collection ("The Portfolio" or "The Properties"), a rare 123-unit portfolio located in Central Virginia. The largest asset of the portfolio, Jefferson Ridge, is a 68-unit community in the exclusive Forest submarket that offers a competitive mix of unit types dominated by larger townhome-style apartments. The balance of the portfolio includes four prime assets in desirable neighborhoods throughout the City of Lynchburg. The assets provide exceptional scale in the high growth Lynchburg MSA, which has demonstrated significant resilience during the Covid-19 Pandemic. The Properties are unique value-add opportunities with a combination of in-unit renovation potential and operational upside. In addition, Jefferson Ridge is being sold with excess land that can accommodate additional development. These value enhancing strategies will combine with future economic growth across the region from a variety of employment sectors that are keeping apartment fundamentals strong. Key industries, including the Meds & Eds sector, are seeing sustained economic growth that has caused the Lynchburg MSA to reach full employment with unemployment that has declined each month since April 2020. This coupled with the minimum wage in Virginia increasing to $9.50 (30% increase) will have a meaningful impact on the subset of renters found at Jefferson Ridge and The Lynchburg Collection. Economic stability and high barriers to entry is leading to incredible apartment market fundamentals as rent growth in Lynchburg totaled 2.9% year-over-year through 2020. The Properties also have a long rental runway with their individual primary competitors, allowing for significant, achievable rental upside. The Properties are all well occupied and repositioning the assets within their respective competitive sets will allow them to capture this increased rental demand and generate long-term stable cash flow for new ownership. The Properties are being offered as a portfolio, however Jefferson Ridge or the Lynchburg Collection may be purchased separately.
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Coming Soon
Jefferson Ridge & The Lynchburg Collection (5 properties, 123 units)
Ivy Ridge
17 Units
1609 McVeigh Road
Lynchburg, VA
Posted: 6/8/2021
Group, as sole representative of the Owner, is pleased to present Jefferson Ridge and the Lynchburg Collection ("The Portfolio" or "The Properties"), a rare 123-unit portfolio located in Central Virginia. The largest asset of the portfolio, Jefferson Ridge, is a 68-unit community in the exclusive Forest submarket that offers a competitive mix of unit types dominated by larger townhome-style apartments. The balance of the portfolio includes four prime assets in desirable neighborhoods throughout the City of Lynchburg. The assets provide exceptional scale in the high growth Lynchburg MSA, which has demonstrated significant resilience during the Covid-19 Pandemic. The Properties are unique value-add opportunities with a combination of in-unit renovation potential and operational upside. In addition, Jefferson Ridge is being sold with excess land that can accommodate additional development. These value enhancing strategies will combine with future economic growth across the region from a variety of employment sectors that are keeping apartment fundamentals strong. Key industries, including the Meds & Eds sector, are seeing sustained economic growth that has caused the Lynchburg MSA to reach full employment with unemployment that has declined each month since April 2020. This coupled with the minimum wage in Virginia increasing to $9.50 (30% increase) will have a meaningful impact on the subset of renters found at Jefferson Ridge and The Lynchburg Collection. Economic stability and high barriers to entry is leading to incredible apartment market fundamentals as rent growth in Lynchburg totaled 2.9% year-over-year through 2020. The Properties also have a long rental runway with their individual primary competitors, allowing for significant, achievable rental upside. The Properties are all well occupied and repositioning the assets within their respective competitive sets will allow them to capture this increased rental demand and generate long-term stable cash flow for new ownership. The Properties are being offered as a portfolio, however Jefferson Ridge or the Lynchburg Collection may be purchased separately.
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Coming Soon
Jefferson Ridge & The Lynchburg Collection (5 properties, 123 units)
Jefferson Ridge
68 Units
143 Jefferson Ridge Road
Forest, VA  24551
Posted: 6/8/2021

Please click here to sign the Confidentiality Agreement.

Cushman & Wakefield has been retained as exclusive advisor and agent by the owner to offer for sale the Capital Properties DC Multifamily Portfolio (the "Portfolio" or the "Properties"), an unprecedented 1,400 unit apartment portfolio in the DC Metro area. Consisting of four properties - Vaughan Place (Washington, DC), Huntington Gateway (Alexandria, VA), the Residences at Capital Crescent Trail (Bethesda, MD), and North Park Apartments (Chevy Chase, MD) - the Portfolio offers investors immense scale in these infill locations with additional embedded upside. Built between 1973 and 2002, the Properties present a variety of renovation opportunities while all holding significant rent deltas with the top of their respective competitive sets. The Portfolio is well positioned to take advantage of stable apartment fundamentals stemming from attractive future growth in the DC region. The Properties all have dynamic connectivity to core economic drivers like the federal government, a robust biosciences sector, and Amazon HQ2, which position the DC region as an outperformer moving forward compared to similar metros. This Offering provides investors with the unique opportunity to acquire significant scale in this safe-haven market with attractive organic economic growth prospects and embedded value-add upside. The Portfolio is offered as a 100% fee simple interest or as a recapitalization opportunity with the sponsor, Capital Properties. Offers on the entire portfolio or on individual assets will be entertained.

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Under LOI
Capital Properties Portfolio (4 properties, 1,400 units)
North Park Avenue
310 Units
4615 N Park Av
Chevy Chase, MD  20815

Please click here to sign the Confidentiality Agreement.

Cushman & Wakefield has been retained as exclusive advisor and agent by the owner to offer for sale the Capital Properties DC Multifamily Portfolio (the "Portfolio" or the "Properties"), an unprecedented 1,400 unit apartment portfolio in the DC Metro area. Consisting of four properties - Vaughan Place (Washington, DC), Huntington Gateway (Alexandria, VA), the Residences at Capital Crescent Trail (Bethesda, MD), and North Park Apartments (Chevy Chase, MD) - the Portfolio offers investors immense scale in these infill locations with additional embedded upside. Built between 1973 and 2002, the Properties present a variety of renovation opportunities while all holding significant rent deltas with the top of their respective competitive sets. The Portfolio is well positioned to take advantage of stable apartment fundamentals stemming from attractive future growth in the DC region. The Properties all have dynamic connectivity to core economic drivers like the federal government, a robust biosciences sector, and Amazon HQ2, which position the DC region as an outperformer moving forward compared to similar metros. This Offering provides investors with the unique opportunity to acquire significant scale in this safe-haven market with attractive organic economic growth prospects and embedded value-add upside. The Portfolio is offered as a 100% fee simple interest or as a recapitalization opportunity with the sponsor, Capital Properties. Offers on the entire portfolio or on individual assets will be entertained.

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Under LOI
Capital Properties Portfolio (4 properties, 1,400 units)
Residences at Capital Crescent Trail
258 Units
5325 Westbard Ave.
Bethesda, MD
Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present the Ridgeview Apartments (the "Property"), a 96-unit apartment community located in Blacksburg, Virginia. Blacksburg is home to Virginia Polytechnic Institute and State University, Virginia’s most comprehensive university and leading research institution which enrolls more than 36,000 undergraduate, graduate, and professional students. Direct and indirect demand from this driver has caused extremely tight apartment market conditions. Vacancy in the Blacksburg-Christiansburg metropolitan area has not exceeded 2.00% since 2013 with year-over-year rent growth of 9.7%. With most new development focusd on traditional student housing, there remains a chronic undersupply of market rate housing. The Property boasts a competitive mix of sutdio, one bedroom, two bedroom, and three bedroom units which can all support significant rent increases derived from renovations to unit interiors to match the competitive set. This value enhancing strategy will allow new owners to capture immediately available upside and generate long-term stable cash flow complemented by steady and increasing rental demand in the area.
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Ridgeview Apartments
96 Units
768 - 779 Triangle Street
Blacksburg, VA  24060

Please click here to sign the Confidentiality Agreement.

Cushman & Wakefield is pleased to offer for sale, The Upton, a newly constructed, luxury mixed-use apartment building located in one of the country’s top investment markets, Montgomery County, Maryland. The asset is located one block from the Rockville Metro Station in the award-winning Rockville Town Center. The Upton consists of 263 multifamily units, 15,982 square feet of ground level retail and a commercial parking garage. Located in the heart of the I-270 Technology and Life Science Corridor and adjacent to county executive offices, city hall, multiple courthouses and numerous corporate office users, The Upton offers an investor access to one of the nation’s leading and most stable employment bases. The Property’s strong history performance coupled with limited multifamily pipeline allow for continued rental rate growth.

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The Upton
Offers Due:  Monday, June 14, 2021
263 Units
44 Maryland Avenue
Rockville, MD  20850

Please click here to sign the Confidentiality Agreement.

Cushman & Wakefield has been retained as exclusive advisor and agent by the owner to offer for sale the Capital Properties DC Multifamily Portfolio (the "Portfolio" or the "Properties"), an unprecedented 1,400 unit apartment portfolio in the DC Metro area. Consisting of four properties - Vaughan Place (Washington, DC), Huntington Gateway (Alexandria, VA), the Residences at Capital Crescent Trail (Bethesda, MD), and North Park Apartments (Chevy Chase, MD) - the Portfolio offers investors immense scale in these infill locations with additional embedded upside. Built between 1973 and 2002, the Properties present a variety of renovation opportunities while all holding significant rent deltas with the top of their respective competitive sets. The Portfolio is well positioned to take advantage of stable apartment fundamentals stemming from attractive future growth in the DC region. The Properties all have dynamic connectivity to core economic drivers like the federal government, a robust biosciences sector, and Amazon HQ2, which position the DC region as an outperformer moving forward compared to similar metros. This Offering provides investors with the unique opportunity to acquire significant scale in this safe-haven market with attractive organic economic growth prospects and embedded value-add upside. The Portfolio is offered as a 100% fee simple interest or as a recapitalization opportunity with the sponsor, Capital Properties. Offers on the entire portfolio or on individual assets will be entertained.

...
Under LOI
Capital Properties Portfolio (4 properties, 1,400 units)
Vaughan Place
389 Units
3401 38th Street NW
Washington, DC  20016
Group, as sole representative of the Owner, is pleased to present Jefferson Ridge and the Lynchburg Collection ("The Portfolio" or "The Properties"), a rare 123-unit portfolio located in Central Virginia. The largest asset of the portfolio, Jefferson Ridge, is a 68-unit community in the exclusive Forest submarket that offers a competitive mix of unit types dominated by larger townhome-style apartments. The balance of the portfolio includes four prime assets in desirable neighborhoods throughout the City of Lynchburg. The assets provide exceptional scale in the high growth Lynchburg MSA, which has demonstrated significant resilience during the Covid-19 Pandemic. The Properties are unique value-add opportunities with a combination of in-unit renovation potential and operational upside. In addition, Jefferson Ridge is being sold with excess land that can accommodate additional development. These value enhancing strategies will combine with future economic growth across the region from a variety of employment sectors that are keeping apartment fundamentals strong. Key industries, including the Meds & Eds sector, are seeing sustained economic growth that has caused the Lynchburg MSA to reach full employment with unemployment that has declined each month since April 2020. This coupled with the minimum wage in Virginia increasing to $9.50 (30% increase) will have a meaningful impact on the subset of renters found at Jefferson Ridge and The Lynchburg Collection. Economic stability and high barriers to entry is leading to incredible apartment market fundamentals as rent growth in Lynchburg totaled 2.9% year-over-year through 2020. The Properties also have a long rental runway with their individual primary competitors, allowing for significant, achievable rental upside. The Properties are all well occupied and repositioning the assets within their respective competitive sets will allow them to capture this increased rental demand and generate long-term stable cash flow for new ownership. The Properties are being offered as a portfolio, however Jefferson Ridge or the Lynchburg Collection may be purchased separately.
...
Coming Soon
Jefferson Ridge & The Lynchburg Collection (5 properties, 123 units)
Windsor Apartments
12 Units
200 Cleveland Avenue
Lynchburg, VA
Posted: 6/8/2021