The Griffin at Petworth Metro
Multifamily | 49 Units
Marketing description
TOPA-EXEMPT (2011 DELIVERY)
Streamlined transaction with reduced execution risk
BELOW-MARKET ASSUMABLE HUD DEBT
Long-term, fixed-rate financing enhances returns and mitigates rate volatility
~40% DISCOUNT TO REPLACEMENT COST
Significant basis advantage with downside protection on institutional quality asset
EMBEDDED OPERATIONAL UPSIDE
NOI growth through revenue enhancement and expense optimization
IMPROVING DC REGULATORY LANDSCAPE
Recent RENTAL Act reforms support faster eviction timelines and improved income visibility
HIGH BARRIERS TO ENTRY
Constrained supply driven by zoning, entitlement friction and limited land availability
TRANSIT-ORIENTED LOCATION
Steps from Petworth Metro with strong connectivity to core DC employment and entertainment nodes
GROWING, AMENITY-RICH SUBMARKET
Walkable retail, dining and neighborhood services along Georgia Avenue
ATTRACTIVE LONG-TERM FUNDAMENTALS
Stable demand drivers and continued neighborhood investment supporting strong rent growth
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