NEWS & NOTABLES

BALTIMORE, MD–JMG Realty, headquartered in Atlanta, has been selected to manage the six-asset, $236 million multifamily portfolio Ares Management and TruAmerica Multifamily acquired last month in the area. There are six apartment buildings in the portfolio: Dominion at Eden Brook and Dominion Kings Place in Columbia, Lakeside Mill in Owings Mills, Ellicott Grove in Ellicott City, Arborview at Riverside and Liriope in Belcamp, Dominion Constant Friendship in Abingdon. This is a value-add play for the buyers, with half of the units slated for renovation.

WASHINGTON, DC– Rock Creek Property Group has broken ground on the restoration of the Codman Carriage House in Dupont Circle located at 1415 22nd St, NW. Architect Ogden Codman, Jr. originally designed the carriage house for his socialite cousin, Martha Codman, who spent the winters in the District in her nearby mansion and used the carriage house for her stable as it was near the entrance to Rock Creek Park. As part of the restoration, the original carriage house doors will be replicated, the façade repaired, certain windows will be restored and others replaced. The 10,000-square foot, two-story building is scheduled to deliver in April 2017. It could serve as a retail use or for office tenants looking for loft space in a restored historic building.