WASHINGTON, DC - Berkshire Group announced the purchase of Berkshire15 in Washington, D.C., from Bozzuto Homes, Inc. The 96-unit high-rise is located in the historic U Street corridor, providing convenient access to public transit on the metro, downtown Washington, D.C. businesses, entertainment venues, a dedicated bike lane and a popular neighborhood park.
“Washington, D.C. is a gateway market, and we believe it will continue to drive strong population and job growth in the future given the metro area’s global importance,” noted Jack Dent, Managing Director, Portfolio Manager, Berkshire Group. “Berkshire15 fits well into our strategy of building a first class core apartment portfolio in markets expected to outperform national apartment fundamentals over the long term.”
Berkshire15 apartments feature high-end finishes such as European-style cabinets, quartz countertops, and wood flooring. Community features include a ground-level patio, rooftop deck, a parking garage, extra storage units and bicycle storage.
Berkshire Group is a real estate investment management company primarily known for its multifamily investment and operational experience. In addition to deploying capital through equity, debt and development in the multifamily arena, Berkshire invests in opportunistic ventures in other real estate sectors through its Venture Investments group.
Source: Berkshire Group / #Apartments #Multifamily