Property details
Takoma park, maryland
Cypress on Vine Co-Living
Investment type
Development
Asset Class
Multifamily
Ownership Structure
Joint Venture
Year Acquired
2022
Investment Summary
The property is located in Takoma Park, two blocks southeast of the Takoma Metro station, which provides direct access to downtown Washington, DC. Takoma Park is an established, residential neighborhood with strong demographics and an appealing aesthetic that has consistently attracted new residents.
Once complete, the property will feature a four-story, approximately 56,434 square foot, Class A multifamily property with indoor and outdoor rooftop space, grilling areas, and two multipurpose meeting rooms on the penthouse level. There will be 28 shared living suites with 155 fully furnished bedrooms.