Washington, DC Office

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Crescent at Chevy Chase, a newly constructed asset located in Chevy Chase, Maryland, one of the wealthiest suburbs in the broader DC metro area. The Property is located squarely in the path of growth, as it is just a 5-minute walk to the Connecticut Avenue Purple Line stop, which is currently under construction and will be delivered in December 2027, providing transit access from New Carrollton to downtown Bethesda. This transit expansion will provide easy access to the haven of amenities in downtown Bethesda, which has over 1.7M SF of retail space and is the home of numerous Fortune 500 companies. The property’s location also allows for easy access to I-495 and I-270, providing access to the bulk of suburban Maryland’s prominent federal and regional employers, including the NIH, Marriott International Headquarters, Walter Reed National Medical Center, Suburban Hospital, Lockheed Martin, and the broader I-270 Biotechnology Corridor which is the pre-eminent research corridor in the country with over 300 biotech companies and more than 50,000 employees. The demographics within a one-mile radius of the property are among the best in the region, as median household income, bachelor’s degree attainment, and white-collar employment all exceed those of Montgomery County and the Washington DC MSA. On top of this, the average monthly mortgage payment needed for the median home sale price in Chevy Chase is 146% higher than the average effective rent in the Chevy Chase submarket, further driving foot traffic to rental housing. The property was constructed to LEED certification standards, resulting in a full county tax abatement through 2028, boosting the property’s appeal and value for future ownership. Crescent at Chevy Chase is an ideal opportunity to acquire a best-in-class asset in a dynamic location with rental and operational upside potential, at an attractive discount to replacement cost.

Cushman & Wakefield is please to offer for sale Revel (the “Property”), a 393,240 SF newly constructed trophy mixed-use asset consisting of 500 multifamily units, 39,177 SF of retail space, and a 130-space commercial parking garage in Washington DC within the NoMa neighborhood. Revel is a 12-story, pre-stabilized mixed-use asset that offers premier amenities including a penthouse clubroom, rooftop terrace, rooftop pool, courtyard, fitness center, pet spa, direct access to the adjacent hotel rooftop bar and much more. In September 2022, residents began moving into the asset. Revel is currently 97% leased for multifamily (including Churchill) and 72% leased for the retail. Revel provides an investor the opportunity to acquire an exciting trophy asset in a premier location that drives outsized growth and metro-leading absorption.

Cushman & Wakefield’s Mid Atlantic Multifamily Group is pleased to offer Rosser Avenue, a best-in-class 90-unit, single-family build-to-rent townhome community located in Waynesboro, Virginia. The property will be offered as a forward takeout, with construction starting in July 2025, first CO expected in October 2025, and final CO expected in August 2026. Rosser Avenue is a one of-a-kind asset, as it will be the only single-family, build-to-rent community in the immediate area with limited market rate rental competition, which will keep demand consistently strong. The single-family style townhomes offer unique features that you would not find in an apartment building, and the unit finishes exceed that of comparable for-sale homes. The property has easy access to over 2.63M SF of retail amenities and is close to I-64 and I-81, providing convenient access to Charlottesville, Staunton, and other areas of Central and Southwest Virginia. Additionally, Richmond and popular recreational destinations throughout the Blue Ridge Mountains are all within an easy drive. The demographics surrounding Rosser Avenue are exceptional, with main indicators exceeding that of the broader MSA including population growth, percentage of renters, median household income, and white-collar employment. Furthermore, the Waynesboro area’s rent has increased by 6.51% year over year as of Q4 of 2024 and is projected to increase by an average of 5.10% over the next five years, creating the runway for additional rent growth at Rosser Avenue. The property is also being offered at a desirable discount to for-sale housing, with comparable median home listing values reaching $479,000, which will create outsized demand for rental product. The scarcity of build-to-rent and single-family townhome rental communities in the Mid-Atlantic, combined with the impressive local market fundamentals and demographics, present investors with a unique opportunity to acquire a brand new, well-performing asset in the high growth Waynesboro market.

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present The Shaw – a core, mixed-use asset in the Shaw neighborhood, Washington, DC’s rapidly expanding and hippest neighborhood. The Shaw’s prime location allows for unparalleled access to the U-Street corridor, with its unique mix of history, modern mural art, and world class bars and restaurants. Moreover, The Shaw holds potential upside with ~4,000 SF of space that can be converted into more amenities or leased as retail. The submarket’s demographics show that the 25- to 34-year-old young professional segment is the largest and fastest-growing, and residents at the property are one block away from the nearest metro station, providing direct access to employment, DC’s waterfront, and Northern Virginia. Overall, The Shaw occupies the best location in DC’s most desirable residential and entertainment enclave and features rental upside within a supply-constrained minimarket, making it a one-of-a-kind multifamily investment opportunity.