Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area Net

Property Description

260-unit best in class multifamily asset located in Largo, MD. Built in 2021, this newly delivered asset boasts an impressive amenity package and top-of-the-market in-unit finishes. Despite delivering in March 2021, Everly is already over 96% leased. Given its excellent leasing performance, the Property has been able to push rents multiple times and achieve very strong rents. 

Investment Highlights

- Excellent Initial Performance - Over 96% leased within months of delivery. Everly has been able to increase rents multiple times and achieve top-of-market rents

- Transit Oriented Asset - The Property is 0.5 miles from the Largo Town Center Metro, 5-minutes from I-495, 8-minutes from the Baltimore Washington Parkway and 3-minutes from Central Avenue

- Significant Demand Drivers - 4 MM SF Retail and 2.1 MM SF Office, within a 3-mile radius of Everly

- Close Proximity to Major Employers - University of Maryland Capital Region Medical Center and Kaiser Permanente Largo Medical Center are 1.2 & 1.5 miles respectively. Fort Meade and NASA Goddard Space Flight Center are a 20-minute drive

- Positioned For Outsized Rent Growth - Everly is well positioned for outsized rent growth due to submarket demographics and fundaments

- Proximity to Large Infrastructure Investments - $5.6 billion approved infrastructure spending on the Purple Line

Last Updated Date: 14 Oct 2021
Robert Jenkins
Robert Jenkins
Director, Capital Markets
License details
VA-0225240893
Andrew Gemma
Associate, Production Support

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Last Updated Date: 14 Oct 2021

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