Transactions - MAY 18, 2022

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Toll Brothers, CrossHarbor form JV to develop 501-unit rental community in Washington, D.C.

by Released

Toll Brothers through its Toll Brothers Apartment Living rental division, and CrossHarbor Capital Partners have announced a new joint venture to develop 113 Potomac, a 501-unit multifamily rental community located at 113 Potomac Ave. SW in Washington, D.C. The project is being financed through a $162.7 million construction loan facility from Bank OZK. The debt and equity were arranged by Toll Brothers’ in-house finance department.

113 Potomac is located in the fast-growing Buzzard Point neighborhood within the Capitol Riverfront Business Improvement District, a dynamic, amenity-rich urban neighborhood along the Anacostia River, just south of downtown Washington, D.C., and a four-mile drive to Amazon HQ2. As one of the largest entertainment districts in Washington, D.C., the Capitol Riverfront is home to Audi Field, the D.C. United soccer stadium, Nationals Park — home to the Washington Nationals — and more than 10 acres of parks and activated green spaces. 113 Potomac i

Forgot your username or password?