Cushman & Wakefield Arranges $59M for Luxury DC Multifamily Property

Cushman & Wakefield Arranges $59M for Luxury DC Multifamily Property
News| July 16, 2026| Jasmine Kilman
Washington DC + Apartment Buildings

Cushman & Wakefield has arranged a $58.6 million refinancing for The Ellington, a 190-unit luxury multifamily property with more than 16,000 square feet of retail space at 1301 U Street NW in Washington, D.C.

The Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Alex Hernandez, Marshall Scallan, Meredith Crawford and Will Wohlgemuth represented the borrower, an affiliate of Jamestown L.P., in securing the financing from New York Life Investors.

The Ellington features nine stories, with a mix of one- and two-bedroom layouts. The site also includes more than 16,000 square feet of retail space, which is currently 93% leased to tenants including Street Markets, Roaming Rooster, 354 Restaurant and Eatopia Eatery. Since acquiring the property in 2018, Jamestown has invested more than $10.7 million in capital improvements. Located in the U Street Corridor, The Ellington is within walking distance of a wide range of restaurants and retail options.

The conversations behind tomorrow’s apartment deals happen at Connect Apartments on September 22 in LA. Connect with the capital sources, owners, developers, and brokers driving multifamily investment. Learn more and reserve your seat at www.connectapts2026.com.

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