Skip to main content
the word bernstein on a green background with the word management corporation in white
the word bernstein on a green background with the word management corporation in white
BDC HOWAR LLC ACQUIRES JOINT VENTURE INTEREST IN 1500 ARLINGTON BLVD - Bernstein Management News

BDC HOWAR LLC ACQUIRES JOINT VENTURE INTEREST IN 1500 ARLINGTON BLVD

  |     |   Uncategorized


 

BDC Howar LLC, an investment affiliate of Bernstein Management Corporation, acquired a 50% joint venture interest in 1500 Arlington Blvd. in the Rosslyn neighborhood of Arlington, VA. The ten-story building was originally completed in 1951 as an apartment complex, but has most recently been operating as a hotel. Bernstein Management Corporation intends to renovate and reopen the building as value-oriented multifamily rental apartments with amenities to include a lobby lounge, an amenity floor with fitness options and co-working, and an outdoor patio with grills and fire pit. Unit interiors will undergo kitchen renovations, and receive new lighting, flooring, closet organizers and paint.

The property is approximately ½ a mile from the Washington D.C. line. Its proximity to the Rosslyn Metro station, national employers, multiple universities, dining, and entertainment options makes it a promising acquisition and attractive place to live for those looking for amenities, sustainability, technology and a compelling value given the location. Bernstein Management Corporation is a regional leader in real estate management and investment. The company owns and manages an investment portfolio of 80+ properties including 3.5 million square feet of commercial space, and over 4,700 apartments in Washington, D.C., Maryland, and Virginia.

 

Comments are closed.