EJF Capital Completes Construction of Suburban DC Apartments
EJF Capital LLC announced the completion of construction at The Bellevue, a 361-unit, multifamily development located in Hyattsville, Maryland.
This is the fifth project delivered within EJF’s OpZone Fund II. Developed in partnership with The NRP Group, The Bellevue is situated in a dynamic residential corridor. The neighborhood benefits from ongoing economic development and expanded access to employment centers throughout the Washington, D.C. metro area.
The newly delivered community features studio, one-, two-, and three-bedroom apartments, along with a comprehensive amenity suite that includes a fitness center, clubroom, co-working lounge, landscaped courtyards, and structured parking.
“Hyattsville’s strong demographic and employment trends make it a highly attractive market, and The Bellevue reflects our commitment to delivering thoughtfully designed multifamily communities with best-in-class partners,” said Asheel Shah, Senior Managing Director and Head of Real Estate Development at EJF. Since 2018, EJF has invested in 24 multi-family and commercial developments across the country.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout