Washington DC CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Washington DC  + DC  + Apartments  | 
Avanath Capital Management, LLC, has acquired 2M Street Apartments in Washington, DC for $103.5 million.

Avanath Acquires DC Mixed-Income Apartment Community for $104M

Avanath Capital Management, LLC, has acquired 2M Street Apartments, a 315-unit high rise apartment community in Washington, DC. The mixed-income apartment tower located north of the Capitol Building and two blocks from the NoMa-Gallaudet U Red Line Metro station was acquired for $103.5 million.

“Our strategy is to identify growing markets where there is a continuous need and demand for affordability,” said John Williams, president and CIO at Avanath Capital Management. “2M has an affordability component where a number of units are reserved for lower income residents, which will allow us to continue our mission of delivering lifestyles within reach.”

The apartment community was designed to LEED Gold standards and features a variety of unique amenities including a community dog park, a private theatre, an indoor basketball court, fitness center and rooftop deck with a swimming pool.

Avanath currently owns 1,500 units in the DC metro and 13,000 units across the US.

Connect

Inside The Story

Avanath’s Williams

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
TheGuarantors-01-cube
Money360-26-cube
Chase-19-cube