The Donaldson Group (TDG) of Rockville, MD and its equity partner, New York-based Angelo, Gordon & Co. (AG), have acquired Cider Mill Apartments, an 864-unit garden-style apartment community located in Montgomery Village, Maryland. The acquisition price was approximately $110 million, and the partnership plans to invest an additional $15 million to renovate the property.
LHB Communications, Inc. is a boutique public relations firm located in Washington, DC and serving clients throughout the world. We combine the flexibility, creativity, and cost-effectiveness of a small PR firm with the stellar results of a large agency.
Aria Development Group has just unveiled its latest dramatic multifamily residential transformation: The Alden, located in Washington’s storied Columbia Heights neighborhood. On the heels of its $10 million renovation of The Bond apartments near Dupont Circle, The Alden brings Aria’s sensibility and attention to detail to another great DC market. Forty-four one- to three-bedroom apartments at The Alden are now available, with monthly rents for market-rate units starting at $1,950. The Alden, located at 2620 13th Street, NW, comprises three connected Colonial Revival-styled multifamily buildings constructed in 1904 and listed on the National Register of Historic Places. Aria paid $5 million to acquire the greatly deteriorated property in 2012, and commenced a $6 million gut renovation.