WASHINGTON D.C. – Affordable housing owner and developer, Concord Communities has acquired a 379-unit affordable housing community in Washington D.C. for $39.5 million.
Located at 3048 Stanton Rd. SE, the community, Stanton Glenn, encompasses 30 four-story walk-up buildings. The property offers one-, two-, three- and four-bedroom residences.
Concord Communities plans to invest more than $18 million in capital improvements at Stanton Glenn, which was built in 1967. The firm plans to commence property renovations later this year.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
