Berkadia facilitated the sale of WestEnd25, a luxury 283-unit apartment complex in Washington D.C., to JRK Property Holdings for $186 million, highlighting its prime location and potential for rental growth.

Information on the Target

WestEnd25 is a luxurious 283-unit multifamily asset located in Washington D.C.’s prestigious West End neighborhood, which is well-known for its high barriers to entry and limited supply of residential real estate. This LEED Gold-certified property features a diverse selection of housing options, including 254 market-rate units, 21 penthouses, and 8 affordable units. Designed by the acclaimed architecture firm Shalom Barnes Associates and constructed in 2009, WestEnd25 comprises 10 stories and presents an average market rate size of 969 square feet. The property offers unique amenities, such as expansive units with dens and terraces that provide stunning views of Rock Creek Park.

The community amenities at WestEnd25 are extensive, featuring a rooftop pool with a sundeck that boasts 360-degree views of notable D.C. landmarks, a large fitness center, various rooftop decks, a co-working space, and a resident lounge. These features enhance the property's attractiveness and make it a desirable living environment for residents seeking convenience and luxury.

Industry Overview in the Target’s Specific Country

The multifamily real estate market in Washington D.C. has shown robust growth, driven by increasing demand for urban living, especially in high-demand neighborhoods like the West End. This area benefits from its proximity to major employment centers