Jamestown Buys The Ellington in Washington, DC

By: Jamestown, LP
 
 
Jamestown Acquires The Ellington
Jamestown Acquires The Ellington
 
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Business
Acquisitions

Industry:
Real Estate

Location:
Washington - District of Columbia - US

WASHINGTON - March 9, 2018 - PRLog -- Jamestown todayannouncedtheacquisition of The Ellington in Washington, DC from TH Real Estate. The addition of the 190 unit rental apartment property adds to Jamestown's portfolio of multi-family and their growing collection of DC assets.

The property is located on 13th Street in the historic U Street neighborhood, which has seen a recent wave of revitalization and development. The neighborhood is considered one of DC's most walkable and is highly amenities and The Ellington is adjacent to the Metro. Built in 2004, The Ellington also includes 16,760 square feet of retail. Existing tenants include Mattress Firm, United Bank, several restaurants, and a wine bar. Jamestown is planning renovations to the common spaces and retail through 2019.

"With The Ellington we are expanding our multi-family footprint into one of DC's most dynamic neighborhoods; we are excited to extend Jamestown's culture and become part of the Ellington community," said Michael Phillips, President of Jamestown.

Knownfortheir iconic mixed-used developments including Chelsea Market in New York and Ponce City Market in Atlanta, Jamestown increasingly is investing in multi-family across the country. The acquisition of The Ellington comes after Jamestown purchased 88 Leonard and 2000 Broadway. Additionally, Jamestown has owns and manages rental apartments at Ponce City Market and on Newbury Street in Boston.

TH Real Estate was represented by Eastdil.

About Jamestown

Jamestown,L.P.wasestablishedin 1983asan investmentandmanagementcompanyfocusedon income-producingreal estateintheUnitedStates.Overthelast35years,Jamestownhasexpandedintoanational,verticallyintegratedreal estateoperatorwithover $11billionofassetsundermanagementasofDecember31,2017.Jamestown's capabilitiesinclude:acquisitions, capitalmarkets,propertymanagement, assetmanagement, retailleasing,design, sustainabilityandriskmanagement.Jamestown companies haveheadquartersinAtlanta,GAandCologne,Germany, and officesinNewYork,NY,Boston,MA,Washington,DC,SanFrancisco, CA and Bogota,Colombia.Formore information,visitwww.jamestownlp.com. (http://www.jamestownlp.com/)

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