At Bernstein Management Corporation (BMC), water conservation is a top priority. Since 2020, the efforts of BMC’s sustainability team have resulted in a 6% annual reduction in water consumption across the 5,000+ unit residential portfolio, or about 9 million gallons per year.

This significant improvement can be largely attributed to fixture replacement efforts at several properties including 2100 Connecticut – which has realized a 58% reduction in daily water use – and at Highview and Castle Manor – which has seen a 33% reduction in daily water use.

Water conservation not only serves as a cost control measure, it also helps prevent sewer overflow into local waterways like Rock Creek, the Potomac River and Anacostia River. With results like these, water conservation will remain a sustainability strategy worth celebrating on Earth Day and all year long.

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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.

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Bernstein Management Corporation (BMC), a regional leader in real estate management and investment, in partnership with Placemakr, a tech-enabled hospitality platform, and developer Urban Atlantic, a community-minded real estate development and investment company, have completed the acquisition of 1735 K Street NW, a 12-story, 96,720 SF office building centrally located on Washington DC’s K Street NW corridor, traditionally recognized as the city’s main thoroughfare for business and lobbyist activity, thanks to its proximity to the US Government and The White House.

The building at 1735 K Street NW was built in 1963 and is currently 100% leased. With Urban Atlantic taking the lead on development, the partnership has future plans to redevelop and reposition the property into a 106-unit Placemakr Premier property, offering ground-level retail and flexible multifamily living with hotel-style services in apartments equipped with comforts of home including kitchens, in-unit washer/dryers, and bespoke amenity spaces.

According to BMC CEO Josh Bernstein, “DC is underserved with housing options and overserved with commodity office options. The flex housing hospitality format will allow us to offer an attractive alternative for visitors and longer-term residents at a compelling price point.”

The property is located on the 1700 block of K Street NW between 18th Street NW and Connecticut Avenue NW in Washington DC, just 3 blocks from the White House and one block from Farragut North Metro station.

Read more: Washington Business Journal

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BMC is represented at Burtonsville Town Center by broker Donald Foran of Transwestern Real Estate Services.

The post BMC COMMERCIAL LEASING TEAM COMPLETES 13,254 SF LEASE RENEWAL AT BURTONSVILLE OFFICE PARK appeared first on Bernstein Management News.

The newly certified properties are located in Washington, D.C. and include: 4115 Wisconsin, Belvedere, Castle Manor, Diplomat, Highview, and West End Residences. To achieve certification, the properties each had to benchmark all energy use over a period of time, then receive verification from a third party. The properties achieved an average Energy Star score of 75, meaning the buildings are more energy efficient than 75% of similar properties nationwide.

“We feel Energy Star certification reflects holistic, best-in-class sustainability metrics for our residential portfolio. As a company that owns and manages our own properties, we are focused on minimizing environmental impact and maximizing long-term sustainability,” said Michael Brown, AVP of Energy Management and Ancillary Services for BMC.

The BMC team is actively working to achieve Energy Star certification at additional residential and commercial properties throughout its portfolio.

The post BMC DEMONSTRATES COMMITMENT TO SUSTAINABILITY THROUGH ENERGY STAR CERTIFICATIONS appeared first on Bernstein Management News.

Located at 18310 Montgomery Village Avenue, just off MD Route 355, Montvale will welcome new tenants including Perfect Office Solutions (16,617 SF), Cosmetic and Clinical Dermatology (5,633 SF), and Active Physical Therapy Solutions (5,457 SF).

“We are proud to welcome these destination office tenants to Montvale Center, which experienced strong leasing demand throughout the pandemic,” said Austin Herndon, SVP of Commercial Leasing for BMC.

Prior to these leases, the BMC commercial team recently completed 16,230 SF of renewal leases including Heise, Jorgensen & Stefanelli (5,969 SF), Suburban Appraisal Associates (1,119 SF), and Antezana & Antezana LLC (9,142 SF), and welcomed new offices tenants Meduit Health Services (7,472 SF), Structural Rehabilitation Group (4,218 SF), and Anthony Fatemi, LLC (3,778 SF), resulting in 59,405 SF total of leasing activity since March 2020. Montvale Center is now 82% leased.

BMC is represented at Montvale Center by brokers Robert Pugh and Ken Fellows of EDGE Commercial Real Estate.

The post BMC COMMERCIAL TEAM COMPLETES 27,707 SF OF NEW LEASES AT MONTVALE CENTER IN GAITHERSBURG, MD appeared first on Bernstein Management News.

The building at 1222 22^nd Street, formerly known as the “White House Garage,” once served as a facility for Secret Service vehicles assigned to the White House for over 54 years. Prior to that, circa 1922, the site was home to the Capitol Cadillac Dealership. As such, the building included features not commonly found in downtown D.C., such as soaring 13’ to 15+’ ceilings, warehouse windows, two hydraulic car elevators, and original exposed brick. When the General Services Administration (GSA) vacated the building in 2018, BMC initiated a renovation, upgrading the former showroom-turned-garage into unique trophy creative office space boasting a penthouse conference room, large rooftop terrace, new warehouse-style windows, steel canopy and black glazed brick embellishments on the façade, a bike room, exposed ceilings, custom artwork in the lobby, and numerous features focused on human health and wellness.

“The renovation at 1222 22^nd Street NW provided BMC with the opportunity to pursue an adaptive reuse project in the heart of downtown D.C. and position an architecturally unique building to meet the needs of today’s office tenants,” said Josh Bernstein, CEO of Bernstein Management Corporation.

BMC partnered with architectural firm Perkins + Will to lead the project’s vision and brokerage firm Cushman & Wakefield to assist with construction management and leasing.

For information about 1222 22^nd Street NW, visit bmcproperties.com.

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We believe that this ethos impacts every working relationship within and beyond our organization. A few months ago, we refined our Core Values statements to guide our interactions with all BMC stakeholders including team members, residents, tenants, vendors, investors, and the communities where we own and manage properties.

Personal interaction over the past two years has been a challenge and this has reinforced the importance of staying connected to each other and rooted in our Core Values:

Do what’s right.
We strive to act with integrity always.

Provide uncommon service.
We serve through caring and exceptional interactions.

Work as a team.
We go further when we work together.

Continuously improve.
We constantly seek to do better.

Strive for results.
We are committed to deliver outstanding financial performance.

As we look to the future, we remain committed to living our core values, one interaction at a time.

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Bernstein Management Corporation (BMC), a regional leader in real estate management and investment, has completed the acquisition of Park Place at Petworth, a 161-unit multifamily property located at 850 Quincy Street NW in Washington, D.C.

Park Place at Petworth, developed in 2009, consists of 161 one-, two-, and three-bedroom apartments and townhomes featuring 9+ foot ceilings, condo-quality finishes, extensive outdoor space and expansive views of the nation’s capital. The property also includes 14,187 square feet of first floor retail and restaurant space including Subway, Wells Fargo, Dunkin Donuts, and Pantry Thai.

According to Bernstein Management Corporation CEO Josh Bernstein, “We are excited to continue our strategy of long-term investment and ownership with the acquisition of Park Place at Petworth, a property centrally located on Georgia Avenue NW, one of D.C.’s primary commuter routes, and in an established neighborhood with a thriving residential community.”

The property offers street level access to the Georgia Avenue – Petworth Metro station, underground on-site parking and close proximity to Columbia Heights, Howard University and the U Street Corridor.

For leasing information, visit www.parkplacedc.com

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Bernstein Management Corporation (BMC) convened its 210 team members from across the company on December 3, 2021, virtually celebrating the holiday season and commemorating many of the significant contributions made over the past year.

The company honored a total of 23 employees celebrating tenures of 5, 10, 15 and 20 years with BMC, and presented several annual awards including Commercial Building of the Year (1222 22nd Street), Residential Building of the Year (The Residences at King Farm), as well as the Norman Bernstein Award of Excellence to Gwen Blade, Senior Property Manager and 21-year veteran of BMC. And, for the first time ever, BMC presented its People First Award to the entire 74-member maintenance team, in honor of their exceptional dedication to providing on-site service throughout the COVID-19 pandemic.

“Customer service is extremely important to our business. We believe that the name of the People First Award reflects the spirit of the core values upon which our company is built and what we strive for every day. For 2021, we have decided to award our entire maintenance team for their dedication and loyalty during an incredibly challenging environment,” said Robert Sandler, President of BMC.

Congratulations to all award recipients and thank you for your ongoing efforts! BMC is a company that cares deeply about each person who works for and with us. Learn more about working with Bernstein and view our current job opportunities at bmcproperties.com/careers.

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