An affordable, green apartment community in Takoma Park, Washington, DC leases up in record time.
Metro Village Apartments, located in Takoma, DC has completed a successful lease up. The five-story, mixed-income rental community is located adjacent to the Takoma Metro and in the midst of a vibrant DC neighborhood.
ResidentialONE properties win PACE Awards for second year in a row
ResidentialONE celebrated its second year of operation by having 6 properties win PACE Awards. This is the second year properties managed by the firm have won awards.
Potomac Woods Senior (Virginia) and Morningside Park (Maryland) won top honors. Maryland properties Paddington Square, Quebec Arms, Tanglewood and Ellicott Gardens all earned distinguished recognition.
At ResidentialONE, we believe that original thinking and innovation leads to benefits for both the communities we manage and our clients. We encourage our team members to investigate creative solutions to challenges faced by property management in today’s marketplace. This support of innovation has resulted in exciting opportunities on site and revenue growth for our clients. Below are a few examples: Read More
3Tree Flats is a 130 unit highrise which was constructed in the Petworth neighborhood of Northwest, Washington, DC. The building dynamics were particularly interesting due to the multi-layered restrictions associated with the Low Income Housing Tax Credit (LIHTC) program and other funding programs. Additionally, the building had a market rate component with a rent structure more than double that of the income restricted portion. The building was constructed as a condominium with St. Mary’s Center, a high-profile health services clinic which mandated a shared facilities component with the building. 3Tree Flats was leased up in a record 3 months and has maintained higher than 97% occupancy since then. Read More
In April of 2012, ResidentialONE retained management of a 72 unit property located in the Wyman Park neighborhood in Baltimore, Maryland. At the time of takeover, the condition of the property was a sore point with its neighbors. Wyman Court Apartments had the potential to be a jewel in the otherwise private home owned community. One year later, the property was a welcome addition to the neighborhood and an example of what a wise renovation and re-positioning plan can accomplish. Read More