Strategic Joint Venture Secured for Redevelopment in Washington, D.C. 

Transaction Description: 

George Smith Partners has successfully arranged a Joint Venture for the acquisition and rehabilitation of an existing 8-story residential building totaling 108,616 SF across 119 units in Washington, DC’s highly sought-after Chevy Chase neighborhood. The collaboration between the sponsor and capital provider supports a comprehensive renovation program that will transform the property into exceptional quality apartments for their ongoing HCVP housing program and partnership. 

Through strategic execution, GSP arranged a programmatic equity agreement that not only enhances investor returns but also establishes a long-term relationship with a steady equity provider for future ventures.