JV Equity | Office to Residential Conversion | Washington, D.C.
February 25, 2025
The Carlton Group has been engaged as the exclusive advisor to secure approximately $50 Million of JV Equity for an office-to-residential conversion in a highly sought-after neighborhood in Washington, D.C.
Key Highlights
- The total project cost is ~$200 Million.
- Projected deal level returns are ~35% IRR and a 2.5X Equity Multiple over a 3-year hold period.
- 7.4% Yield-on-Cost
- The Project will feature luxury rental units, ground-floor retail space 100% pre-leased to a major grocer, and a parking garage.
If you have interest, more detailed information will be provided upon request.
The Carlton Group
545 Fifth Avenue New York, NY 10017
Michael Campbell
Office.212.716.5611
mjc@carltongroup.com
Daniel Bildner
Office.212.716.5634
dbildner@carltongroup.com
Contact
For new business inquiries, fill out the form or call us and the appropriate representative will be in touch.
The Carlton Group
535 Fifth Avenue New York, NY 10017
Michael Campbell, CEO
Office.212.716.5611
mjc@carltongroup.com
JV Equity | Office to Residential Conversion | Washington, D.C.
