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Multifamily

Canvas Apartments

Hyattsville, MD

285 Units

Built in 2025

Core

Investment Highlights

  • Top-Tier Amenities and Unit Finishes - design-forward package with a pool, fitness center, game room, and concierge, plus elevated interiors with floor-to-ceiling windows and automated roller blinds
  • Embedded Paths to NOI Growth - pre-stabilized asset with upside from rising occupancy, five vacant retail spaces, 15 corporate housing units which can be converted to market rate, and a tax abatement
  • Exceptional Retail and Lifestyle Access - 92 Walk Score corridor with Busboys and Poets and Yes! Organic Market across the street and Whole Foods nearby, plus approximately 31,423 square feet of ground-floor retail
  • Deep, Diverse Demand Drivers - direct connectivity to the University of Maryland (42,290 students), the Discovery District (6,500+ employees), and Downtown D.C. (~204,000 jobs), with Metrorail and MARC access
  • Newly Constructed Core-Plus Opportunity - rare opportunity to acquire a 2025-vintage, institutional-quality Class A mixed-use community in the heart of Hyattsville's Gateway Arts District

Exclusively listed by

  • Jonathan Greenberg

    Senior Managing Director Investments

    Washington, D.C., MD

    (202) 536-3771

    jgreenberg@ipausa.com

    Washington, D.C., MD

    License(s): DC: SP102482

  • Bob 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

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