Urban Investment Partners (UIP) has acquired Walker House, a 212-unit mid-rise apartment building in Gaithersburg, MD, for $31.8 million. CBRE represented the seller, Washington REIT, which has held the property since 1996. Capital One financed the acquisition.
Howard University is partnering with Urban Investment Partners and Neighborhood Development Corporation to redevelop two former dormitories into residential apartments. The partnership will renovate and convert the two structures into 162 modern rental apartments. Located in the LeDroit Park neighborhood of Washington, DC, George Washington Carver Hall (211 Elm Street, NW) and Lucy Diggs Slowe Hall (1919 3rd Street, NW) were built in 1942 to accommodate War Department workers. For more than 60 years, the buildings have served as student dormitories for the University.
Urban Investment Partners (UIP) of Washington, DC has acquired a ten-story building at 2601 Virginia Avenue, NW across from the Watergate mixed-use complex for $36 million. The seller was George Washington University (GWU), which had used the building as student housing for 17 years. Hall on Virginia Avenue achieved notoriety while operating as a Howard […]
Condominium buyers now have an opportunity to acquire spacious, stylish two-level homes in Washington’s dynamic U Street corridor, just three blocks from the U Street Metro station. Urban Pace has launched sales of The Lofts at 1111W, with prices starting in the $800,000s.