Property details

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.