Washington, DC Office

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present the opportunity to acquire and/or recapitalize SoNYa, a Class A multifamily community located in the heart of NoMa, one of Washington, D.C.’s fastest-growing live/work neighborhoods. Delivered in 2023, the property offers a best-in-class living experience with modern unit finishes and a highly curated amenity package. SoNYa is further differentiated by its location within walking distance of a dynamic mix of retail, dining, and daily needs amenities. Residents benefit from seamless connectivity via the NoMa/Gallaudet U Metro Station and proximity to Union Station, providing direct access to the East End, Capitol Hill, and the region’s primary employment corridors. The surrounding area is anchored by a diverse employment base including major public and private institutions such as Google and Securities and Exchange Commission (SEC), supporting long-term renter demand. The property is supported by strong local demographics, including high household incomes, a highly educated renter base, and a young professional population. Multifamily development economics have become increasingly challenging due to rising construction costs and elevated financing rates. SoNYa is being offered significantly below replacement cost, as an asset of SoNYa’s quality, scale, and location would cost more than $500k/unit to replicate. As a result, the development pipeline is non-existent in the NoMa submarket supporting rent growth and robust occupancy. Additionally, SoNYa’s effective rents are on average 22% below the top of the market rent comparables, allowing for a mark-to-market increase. Recent legislative changes under the DC Rental Act, including TOPA reform and expedited eviction processes, are expected to enhance operational efficiency in the District, particularly for newer vintage assets such as SoNYa. A weighted average occupancy of 97% was recently achieved among comparable properties to SoNYa. With strong occupancy in competing product, SoNYa has seen 8.5% renewal increases in the first half of 2026.

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Upton Place, a premier luxury residential community that redefines multifamily living along Wisconsin Avenue in one of Washington, D.C.’s most established and prestigious neighborhoods. Thoughtfully designed as two complementary residential offerings within one cohesive mixed-use community, Upton Place provides residents with a lifestyle that seamlessly blends urban accessibility with the tranquility of Northwest Washington. The Parc offers a serene, park-adjacent living experience overlooking the expansive green space of Glover-Archbold Park, while 4000 Wisconsin features panoramic rooftop views framed by the iconic National Cathedral skyline. Refined interiors, resort-inspired amenities, multiple rooftop and courtyard environments, wellness facilities, coworking spaces, and thoughtfully curated social areas create a residential experience tailored to today’s affluent renter seeking both comfort and sophistication. Residents have immediate access to grocery, fitness, dining, wellness, and everyday conveniences at Upton Place, where on-site retail supports daily living. Wisconsin Avenue provides strong connectivity to DC’s most prestigious institutions including embassies, major universities, and healthcare systems, as well as key employment centers across Washington, Bethesda, Arlington, and Tysons. This central location supports strong demand from an affluent resident base across healthcare, government, education, technology, finance, and professional services. The unique combination of an irreplaceable Northwest Washington location, thoughtfully curated residential offerings with 41,500 SF of unmatched amenities, plethora of on-site retail, and proximity to the region’s most prestigious institutions creates a living experience unmatched within the Washington metropolitan area. Supported by the enduring appeal of one of the District’s most supply-constrained residential markets, Upton Place represents a highly differentiated, generational investment opportunity.

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Ravel & Royale on Strathmore Square, the Washington metro region’s premier luxury multifamily asset. Ravel & Royale on Strathmore Square was thoughtfully curated to be the only luxury rental community that appeals to the top percentile of the high-income demographic in the broader Potomac/Bethesda area. Buildings and unit orientation were designed to optimize view corridors of the immense surrounding green space highlighted by Rock Creek Park, a differentiator among properties along the retail-heavy Red Line corridor. This is further enhanced by a lush and vibrant community park steps from the entrance lobby, providing additional greenery and a tranquil community feel. The location is unique, connected to Bethesda and downtown Washington, DC and centered among high-end employment and prestigious institutions. The asset is connected to Strathmore, a 16-acre community dedicated to the arts that provides residents refined programming including performing arts, various renowned symphony groups, public art and Afternoon Tea at The Mansion among other cultural amenities. The spacious units at Ravel & Royale, at 1,145 square feet on average, are tailored to affluent and mature renters by choice, with the largest square footages of any property in the area. The timeless European inspired interiors, floor-to-ceiling windows, luxurious bathrooms, large closets and differentiated floorplans include substantial outdoor living space with private gardens that closely mimic luxury single family homes in the immediate area. Ravel & Royale is an oasis tailored to a high-end clientele in both product, experience and accessibility. The unique combination of location, luxury and ultra-high-end demographics is unmatched within the Washington metro, making Ravel & Royale on Strathmore Square a highly differentiated, generational investment opportunity.

Cushman & Wakefield is pleased to present Ashton Square, a well-positioned multifamily asset in Richmond, VA, offering completed capital improvements, multiple facets of rent growth, strong submarket and demographics, versatile location, and employment. Current ownership has invested heavily into the property, executing a comprehensive capital program that includes new roofs, HVAC systems, hot water heaters, in-unit washers and dryers, common area renovations, and ongoing parking lot resurfacing. These improvements materially enhance the asset’s physical condition and significantly reduce capital expenditure requirements. Ashton Square offers upside driven by both in-place rent growth and renovations. Recent leasing activity has generated gross potential rent increases of up to 11.7%, while ongoing reduction of loss-to-lease supports a mark-to-market opportunity of roughly $140/unit. Interior finishes are predominantly classic, presenting an opportunity to renovate. Comparable upgraded assets in the submarket are achieving renovation premiums of $150–$175 per unit per month, supported by upgrades to kitchens, bathrooms, and fixtures. Additionally, the submarket has no units currently under construction, supporting sustained rental demand. Submarket fundamentals remain strong with 5.0% rent growth and sub-5% vacancy since 2015 and projections of 4.0% annual rent growth over the next five years, with vacancy remaining below 5%. Bordering the affluent Westover Hills and Forest Hill neighborhoods, Ashton Square benefits from a strong demographic profile that supports demand. The surrounding area features a median household income of $164,000, roughly 2x the Richmond MSA average of $85,000. The resident base is highly educated, with 72% of residents holding a bachelor’s degree or higher, and 85% employed in white-collar occupations. Located minutes from Downtown Richmond and major employment hubs including VCU Health, Chippenham Hospital, and CoStar Group (expanding to ~3,500 employees), Ashton Square benefits from strong access to a diversified job base. Major regional investments have entered the Richmond MSA including Amazon’s 2.7M SF fulfillment center, LEGO’s $1B facility, Tract’s 38-building tech park, and Virginia Commonwealth University’s $90M medical project, collectively reinforcing accelerating economic growth and long-term demand in the Richmond MSA.

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present The Connelly, a 192-unit, value-add asset in Portsmouth, Virginia. The Property is located minutes from I-64 and Route 460, providing immediate connectivity to the entirety of the Hampton Roads MSA and easy access to significant high-end employment and retail offerings in close proximity. Built in 1972, the property offers proven value-add upside, as it is currently achieving $150 premiums on renovated units, with room to push premiums closer to $200 based on nearby renovated comparable properties. This provides new ownership with a clear path to increased rental income and upside, as 80% of the units remain in classic condition. The property stands to benefit from the impressive local apartment market fundamentals, as rents have grown by 4.1% year-over-year with sub 4% vacancy in Hampton Roads , and rents in the Portsmouth submarket have grown by 4.6% year-over-year, both of which exceed that of peer markets Richmond and Washington, D.C. Additionally, there are 0 multifamily units under construction within a 5-mile radius of the Connelly, creating an ideal supply-demand balance that will continue to place upward pressure on rents for the foreseeable future. The local area boasts exceptional demographics, as the population within a three-mile radius of the property has grown by 14.6% since 2010, with a median household income of $85,946 and 67% of residents are employed in white collar professions, all of which outpace the broader MSA. The property has been exceedingly well maintained by current ownership with investments on in-unit renovations, amenity creation, common area upgrades, and general base building improvement and preservation, limiting future capital risk and allowing a new investor to focus on income producing investment. The Connelly offers a rare opportunity to acquire a well performing asset, with limited capital required and additional upside in one of the most stable economies in the Mid-Atlantic.

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Ascend Pinegrove, a Class A multifamily community in La Plata, Maryland, within Charles County, one of the fastest-growing counties in the Washington, D.C. MSA. Located approximately 28 miles from Downtown Washington, D.C., the property offers a modern, amenity-rich living experience at a materially lower cost than nearby Prince George’s County while remaining within a reasonable commute of major employment hubs. Ascend Pinegrove also benefits from strong economic indicators driven by significant federal and defense/technology investment nearby, led by the $2.7 billion Energetics Comprehensive Modernization Plan at the Naval Surface Warfare Center Indian Head Division and the expanding Indian Head Technology Corridor. These drivers support continued high-wage job growth and durable rental demand. The asset is further differentiated by its location in a non–rent-controlled jurisdiction, a highly supply-constrained submarket with limited Class A competition, strong demographic growth, and immediate access to established and planned retail amenities. This positions Ascend Pinegrove as a compelling long-term multifamily investment opportunity in the Washington, D.C. metro.

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.