Enterprise Community Development Acquires Edgewood Apartments In Washington, D.C. For $121M

Enterprise Community Development has successfully acquired and financed the Edgewood 611 Apartments, along with three adjacent buildings in Washington, D.C.'s Edgewood Commons campus, at a total cost of $121 million. The multifamily property located at 611 Edgewood St NE, 401 & 415 and 425 Edgewood Street is now under the ownership of Enterprise Community Development. The loan for this transaction was provided by Capital One and Enterprise Housing Credit Investments, with a loan amount of $121,000,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $121,000,000
• Lender: Capital One & Enterprise Housing Credit Investments
• Landlord: Enterprise Community Development
• Address: 611 Edgewood St NE, 401 & 415 and 425 Edgewood Street
• Market: Washington, DC

Enterprise Community Development played a key role in this transaction as the buyer and owner of the Edgewood 611 Apartments. They are known for their expertise in community development and have successfully acquired the property along with the adjoining buildings. Capital One and Enterprise Housing Credit Investments provided the loan for this transaction, showing their confidence in the potential of this multifamily property. The acquisition of the Edgewood Commons campus is a significant move for Enterprise Community Development, further solidifying their presence in the Washington, D.C. market.