ROCKVILLE, MD - The Donaldson Group, LLC (TDG) of Rockville, MD has completed $6 million in renovations at Heather Hill, a 459-unit rental apartment community that it acquired in December of 2010 with equity partner New York-based Angelo, Gordon & Company. Further renovations are underway.
The public is invited to a grand opening celebration on Saturday, June 16, 2012 from 11:00 am to 3:00 pm on the grounds of Heather Hill Apartment Homes, 5837 Fisher Road in Temple Hills, MD. While enjoying free food and entertainment, visitors will have an opportunity to tour the newly transformed community, where renovated and classic one-, two-, and three-bedroom apartments are now available for lease.
All Heather Hill residents now benefit from brand-new amenities including a fitness center, business center, and youth education/activity room. Refurbished apartments have modern kitchens with stylish countertops, updated bathrooms with water-conserving features, new carpeting, individual washer-dryer units, new windows and sliding doors, and new balcony railings. All of the second-story apartments feature dual wood-burning fireplaces and oversized walk-in closets. TDG upgraded the community’s mechanical, electrical, and plumbing systems as well as the buildings’ facades.
Heather Hill’s apartment homes comprise a mix of one-, two-, and three-bedroom units ranging from 610 to 1,236 square feet, each one featuring a private balcony or patio. Heather Hill is the only property in the area that offers three-bedroom, two-bath apartments, and also is the only one in which all two-bedroom units have two bathrooms.
TDG Executive Vice President Carlton Einsel said: "We are pleased to offer spacious and beautifully renovated apartment homes to residents of Prince George’s County, where they can enjoy convenience and amenities at affordable rental rates.”
Heather Hill comprises 18 low-rise buildings situated on 21 park-like wooded acres. In addition to the newly renovated community building with its fitness, business, and youth activity centers, the property offers an Olympic-size swimming pool and wading pool, basketball court, and an onsite Metrobus stop. Heather Hill is easily accessible to I-495 and is located just a short distance from shopping, entertainment, and major employment centers including National Harbor, Suitland Federal Center, Joint Base Andrews, Joint Base Anacostia-Bolling, the Washington Navy Yard, and many more.
Founded in 1998 by Walter R. Donaldson, CPM, The Donaldson Group, LLC is a full-service real estate management and investment firm offering comprehensive services and expertise in property and asset management; accounting and financial management; investment, underwriting, and acquisition analysis; and construction management and renovation services. Since 2003, TDG has advised clients on the acquisition of approximately 10,500 multifamily units valued at over $1.25 billion, and has taken over management of approximately 15,000 units. During the same time period, TDG has advised clients in disposing of over $1 billion in real property investments, comprising approximately 8,400 units, and has managed over $100 million worth of renovation work.