Washington, DC

JBG Smith has commenced construction on the mixed-use towers, which will comprise 808 multifamily units and 40,000 SF of street-level retail.

The property contains a former General Motors facility, which the firm plans to demolish to build several office buildings.

Alejandro Mayorkas, who heads the Department of Homeland Security. He played a vital role in revitalizing the program during the Obama Administration.

The portfolio comprises three build-to-suit, US government-leased, LEED-certified properties.

In an open letter, several organizations request an extension to the eviction ban even as courts rule against the moratorium.

The transaction represents Excelsa US Real Estate I LP's seventh multifamily property acquisition.

The program may prove to be a lifeline for landlords suffering from slumping rent collections.

Falling mortgage rates offset decreased net operating income and helped to keep Freddie Mac's Multifamily Apartment Investment Market Index in the black.