the sale of the site at 301 Florida Avenue NE th blog post
In 1993 we purchased a burned out shell of a townhouse. Our building was destroyed in the riots and fires that engulfed DC after Dr. Martin Luther King was assassinated. A homeless neighbor was the first donor to help rebuild the townhouse. Twenty years later, our “hood” is trendy and our building has significantly increased in value. In our tireless quest to end the HIV epidemic, NMAC needs the ability to move quickly and develop programs without waiting for government or corporate funding. Selling the building gives us this ability.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
