D.C. area property selects residents via lottery

Development focuses on active, independent seniors
  • Development features primarily cost-controlled, one-bedroom units.
  • The cost to build this property was roughly $295K/unit.
  • There is an apparent demand from senior for downtown units in and around D.C.

Let's make 2018 your breakout year!
Join real estate's best to unlock growth at Connect SF, July 17-20, 2018

It’s been estimated that nearly 50 percent of D.C. renters are cost burdened – they spend more than 30 percent of their income on rent. A public-private partnership looks to bring relief to some of these renters, specifically seniors in and around the submarket of Silver Springs, Md.