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Multifamily

NoSHA

Washington, DC

60 Units

Built in 2023

Core

Investment Highlights

  • MARK-TO-MARKET OPPORTUNITY: Modern, new-construction residences are well positioned to close the rent gap to comparable unit types, supporting $200–$500 per unit, per month of achievable premium
  • TRANSIT-ORIENTED URBAN LIVING: Two blocks to Whole Foods, and ~three blocks to U Street Metro (Green/Yellow Lines) with direct access to Howard University (0.2 miles), Downtown D.C., the CBD, & Amazon
  • STRONG DEMOGRAPHICS & PRICING ADVANTAGE: Surrounding submarket supported by ~$140K+ median household incomes, with rents positioned at a meaningful discount to larger Class A new construction
  • BEST-IN-CLASS BOUTIQUE AMENITIES: Luxurious amenity package includes a high-end lobby, fitness center, rooftop lounge/study with catering kitchen, and two rooftop terraces with monument and skyline views, along with Amazon Hub package lockers, refrigerated grocery storage, bike and resident storage, and Latch-controlled access and unit entry
  • DURABLE, HIGH-QUALITY, AWARD-WINNING CONSTRUCTION: Concrete and steel construction—rare for boutique multifamily—developed with The FORTIS Companies and designed by Eric Colbert & Associates. Enhanced sound attenuation, including mass-loaded vinyl in all demising walls, supports superior resident experience and long term durability. Awarded NAIOP DC|MD's 2024 Best Multifamily Project in Washington, D.C.
  • FAVORABLE REGULATORY ENVIRONMENT: Washington, D.C. remains a premier gateway market with durable demand drivers and constrained new multifamily supply, supporting above-trend rent growth over the coming years. In addition, the RENTAL Act of 2025 (D.C. Law 26-80) provides improved regulatory clarity and NoSHA benefits from the Act's new-building TOPA exemption, enhancing operational flexibility and investment certainty

Exclusively listed by

  • Robert G. Dean

    Senior Managing Director Investments

    Washington, D.C., MD

    (202) 536-3772

    rdean@ipausa.com

    Washington, D.C., MD

    License(s): MD: 5013691, DC: SP98377025, VA: 0225262193

  • Jonathan Greenberg

    Senior Managing Director Investments

    Washington, D.C., MD

    (202) 536-3771

    jgreenberg@ipausa.com

    Washington, D.C., MD

    License(s): DC: SP102482

Broker of Record

Brian Hosey

Senior Managing Director, Market Leader- Mid-Atlantic

(202) 536-3700

License(s): DC: BR200201612

District of Columbia

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