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Transactions - JANUARY 7, 2022

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Standard Real Estate plans $200m project with NHT Communities and Trammell Crow Co.

by Released

Standard Real Estate Investments has announced the acquisition of a seven-property land assemblage in Washington, D.C.’s, Ward 8, adjacent to the St. Elizabeths East campus.

The two-acre site includes the southern entrance to the Congress Heights Metro station.

Trammell Crow Co. will execute the leasing and development of the site’s 240,000-square-foot office component with Standard.  NHT Communities will develop 179 apartment units for District residents earning between 30 percent and 80 percent of area median income.

“This intricate transaction is a giant step toward unlocking the benefits of this extremely well-located site through the office project we’ve planned with Trammell Crow Company and the affordable housing units that NHT Communities will develop,” said Jerome Nichols, president of Standard. “Our assemblage and acquisition effectuate the Planned Unit Development that we extended in October 2021, and will be adding commercial activity, r

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