NHT Communities Acquires Washington View Apartments For $55.6M

The Washington View apartments near Anacostia in Southeast D.C. have changed ownership in a recent transaction. WC Smith, a real estate company, sold the property to an LLC managed by NHT Communities, the nonprofit affordable housing affiliate of the National Housing Trust. The sale price for the multifamily property was $55.6 million.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $55,600,000
• Address: 2629 Douglas Road Southeast, Washington, DC
• Market: Washington, DC

Priya Jayachandran, representing NHT Communities, acted as the buyer in the transaction. Chris Smith, from WC Smith, represented the seller. The transaction involved financing from JPMorgan Chase, Amazon, and the Amazon Housing Equity Fund.

Note: The sale of the Washington View apartments in Southeast D.C. represents a significant step in the affordable housing market, with NHT Communities acquiring the property for $55.6 million.