e-loft Alexandria e-loft Alexandria

WASHINGTON, DC-A provider of flexible work and living space is entering the Washington DC market with hopes to take its business model nationwide and ultimately cash out via a public exit strategy. The company is called e-lofts and it is owned by Novus Residences, a wholly owned subsidiary of Cafritz Interests.

E-lofts is opening its first location, called e-lofts Alexandria, next month at 4501 Ford Ave. in Alexandria, VA, which it purchased last year and renovated for $50 million. E-lofts plans to locate its headquarters there.

There are five additional locations planned for the Washington, DC metro area. The locations haven’t been selected yet as the company is still scouting out acquisition possibilities.

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

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.