The Donaldson Group (TDG) of Rockville, MD and its equity partner, New York-based DRA Advisors LLC (DRA), have acquired Brinkley Manor Apartments, a 126-unit garden-style apartment community located in Temple Hills, Maryland for approximately $15.05 million. The partnership plans to invest additional capital to renovate the property.
Cities are recognizing the risks associated with rising water levels, natural disasters, and potential epidemics. Sustainability is now an accepted part of the development “ethos” in real estate, along with increased efforts toward urban resilience. ULI’s Greenprint Center, the District of Columbia government, and Fannie Mae are among those public and private organizations at the forefront of advancing urban resiliency. Read Leslie’s Urban Land magazine for the latest information.