(L to R front row): EYA's Bob Youngentob, Bernstein Management's Joshua Bernstein and Robert Sandler. (L TO R back row): EYA's McLean Quinn and Frank Connors, Bernstein Management's Charles Hathway
WASHINGTON, DC–EYA and Bernstein Management Corp. have formed a new programmatic partnership to acquire and develop future townhome, multifamily and mixed-use projects in the Washington, DC metro area.
Possible projects include the development of townhome communities, multifamily apartments and condominiums, residential conversion of commercial buildings, and larger mixed-use and/or mixed-income master planned neighborhoods.
The new partnership has already committed to develop more than 1,200 new residential units in in the District, Montgomery County and Northern Virginia with total project values over $750 million. The partnership recently closed on its first venture together, the 375-unit Tower Oaks project in Montgomery County, which was sold by Boston Properties.
Continue Reading for Free
Register and gain access to:
- 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
Already have an account? Sign In Now
© 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.
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.
