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Washington DC & Mid-Atlantic  + Apartments  |  October 5, 2020
David Cohen
By: David Cohen

JRK Property Holdings Acquires 538-Unit MF Property in Gaithersburg

JRK Property Holdings has acquired Cadence at Crown, a 538-unit multifamily community in Gaithersburg, MD. The sales price was not disclosed.

Located at 113 Ellington Blvd., the property consists of studio, one-, two- and three-bedroom apartment units averaging 863 square feet. Units feature stainless steel appliances, quartz countertops and oversized windows. The property was built to LEED standards with energy-efficient appliances, water-saving fixtures and overall sustainability in mind. Community amenities include a resort-style pool, 24-hour fitness center, conference room, gaming lounge, pet spa, bike racks and electronic vehicle charging stations.

Walter Coker, Brian Crivella and Robert Jenkins of JLL represented the undisclosed seller in the transaction.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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