Gables CEO Chris Wheeler said, "Nearly two years ago, our research identified Washington as a highly desirable and complementary market for the Gables portfolio, and we have worked diligently since that time to find the best investment opportunity for us." Ambassador House is the company's first acquisition in Washington. Gables, which is based in Atlanta, owns 84 communities with 24,899 completed apartment homes. The developer also has 11 additional communities with 2,731 apartment homes under development or lease-up in Georgia, Texas, Tennessee, Florida and the District.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Multifamily
Washington, DC