Tuesday, November 13, 2012

Sale of high-rise multifamily in Washington, D.C. closed by HFF



Allegro Apartments, Washington, DC
WASHINGTON, D.C. – HFF announced it has closed the sale of Allegro, a 297-unit, high-rise multi-housing community in Washington, D.C.

                HFF marketed the property on behalf of the seller, Federal Capital Partners.  Prudential Real Estate Investors purchased the asset on behalf of one of its client funds.

                Allegro is located at 3460 14th Street NW within walking distance to the Columbia Heights Metro Station, a Super Giant grocery store, DC USA and Tivoli Square in the Columbia Heights neighborhood of Washington, D.C. 

David Nachison
Completed in 2009, the property features studio, one- and two-bedroom units averaging 740 square feet each.  Community amenities include a resident lounge, two courtyards, athletic club with yoga and pilates room, party room, media lounge, internet café and business center, underground parking and resident grilling stations.  Allegro’s retail space is 100 percent leased to tenants including restaurants Thaitanic II and Le Caprice, as well as Allegro Cleaners.

                The HFF team representing Federal Capital Partners was led by senior managing directors David Nachison and Alan Davis and director Brenden Flood.

Alan Davis
“The sale of Allegro represents a continuing trend of institutional capital seeking core multi-housing investments in Washington, D.C.’s best urban neighborhoods,” according to Nachison.  “Columbia Heights has proven itself as a magnet for the young professional renter demographic that all owners seek.”

Federal Capital Partners is a leading real estate investment company based in the Washington, D.C. metropolitan area.  Since its inception in 1999, FCP has invested more than $3 billion in residential and commercial assets.

For a complete copy of the company’s news release, please contact:


Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com



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