Washington DC, February 10, 2023 – An investment affiliate of Bernstein Management Corporation (BMC), a regional leader in real estate management and investment, has completed the acquisition of Valo, a 221-unit multifamily property located at 222 M Street SW in Washington DC.
Built and awarded LEED Silver Certification in 2018, Valo consists of studio, one- and two- bedroom apartments featuring 9+ foot ceilings, generous resident amenities and views of the United States Capitol. The property is located within two blocks of BMC’s existing residential properties Lex and Leo at Waterfront Station, in the heart of the Capitol Riverfront submarket and within walking distance to The Wharf, Audi Field, Nationals Park, Navy Yard and Waterfront Metro Station.
According to Bernstein Management Corporation CEO Josh Bernstein, “Centrally located in one of DC’s fastest growing residential submarkets, Valo provides the unique opportunity to acquire a vibrant and beautifully constructed building while creating operating efficiencies with our existing Southwest DC portfolio.”
For leasing information, visit valodc.com
For information about Bernstein Management Corporation, visit bmcproperties.com.
About Bernstein Management Corporation
Bernstein Management Corporation (BMC) has been a regional leader in real estate management for 70 years. BMC’s investment affiliate is a fully discretionary, private real estate fund with assets valued at over $2.0 billion, low leverage and significant capacity to make additional investments. Focusing exclusively on the Washington D.C. metropolitan area, the portfolio currently includes 80+ properties representing over 5,300 residential units and 3.5 million square feet of commercial space including office, retail and industrial assets. BMC’s staff of over 200 industry experts manage the portfolio with a hands-on, vertically integrated approach. For more information, visit bmcproperties.com.