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Mount Vernon
184-Units
Alexandria, VA
Unpriced
UNDER CONTRACT
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South View Townhomes
96 Townhomes
Hagerstown, MD
UNDER CONTRACT
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Brookemeade
120-Units
Hagerstown, MD
Offering Price: Unpriced |
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Yale Village
210-units
Rockville, MD
Sold Price: $49,500,000 |
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Brooklawn
86-Units + 68 Developable
Frederick, MD
Offering Price: $9,000,000
Land Price: $1,000,000
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The Hanover
320 Apartments
Greenbelt, MD
CLOSED - SEPT 2010
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The Dumont
559-units
Washington, DC
CLOSED - APR 2010 |
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Chesapeake
184-units
Dumfries, VA
CLOSED - OCT 2009 |
ADDITIONAL OPPORTUNITIES
We are currently involved with a number of Exclusive Listings which are not available through our website. Please contact Allen Manesh at 301-299-4000 to discuss.
Email Allen
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CASE STUDIES |
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| The Royalton at King Farm |
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275 Units (Fractured Condominium)
Rockville, Maryland
Sales Price: $61,200,000 or $222,500 per unit
Transaction Date: Spring 2008 |
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Royalton at King Farm is located in Rockville, Maryland at the Shady Grove Metro stop on the Red Line which connects Rockville to Washington, DC. Prior to the condo conversion, this property was part of a successful rental community .... read more |
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| Ridgeleigh at Van Dorn |
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314 Units (Fractured Condominium)
Alexandria, Virginia
Sales Price: $70,500,000 or $224,500 per unit
Transaction Date: Summer 2007 |
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| At Ridgeleigh, the condo convertor was running a dual business model where they were renting and selling units in parallel. The first trust lien holder foreclosed on the condo convertor and mezzanine investor and took over the Property. The Property was abruptly abandoned .... read more |
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| Bellemeade Farms |
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316 Units (Fractured Condominium)
Leesburg, Virginia
Sales Price: $47,500,000 or $150,000 per unit
Transaction Date: Spring 2007 |
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Bellemeade Farms is a 316-unit garden apartment community located within Loudoun County in Northern Virginia. This was a fractured condo property where 18% of the units were sold and settled .... read more |
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| The Grove at Arlington |
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103 Units (Fractured Condominium)
Arlington, Virginia
Refinanced
Transaction Date: Summer 2008 |
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The Grove at Arlington was a class “A” condominium conversion that was originally developed in 2004 as a 190-unit rental community. The unsold 103 units were available for a bulk sale. The Property was running a dual business model.... read more
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| Carter Lake |
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259 Units (Failed Condominium Conversion)
Reston, Virginia
Sales Price: $40,000,000 or $154,000 per unit
Transaction Date: Fall 2006 |
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Ideal Realty Group (IRG) was hired by a regional home builder to find a buyer for this condominium conversion. Carter Lake contains 259 garden-style apartments.... read more |
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