Washington, D.C.

For real estate investors, Washington, DC remains one of the most competitive markets in the world. When the opportunity arose to acquire almost nine acres of land located at the junction of the capital’s two rivers and near the city’s newly built baseball stadium, National reacted swiftly, negotiating and closing the complex acquisition and development transaction in less than 45 days.  National’s deep market knowledge enabled it to immediately recognize the value of the site’s 2.7 million square feet of development rights. Given the magnitude of the project, National relied on its strong relationship with an institutional equity partner to bring additional equity to the transaction, and used its flexibility to accommodate that partner’s 1031 exchange needs.  In addition, National’s relationship with a nationally known lending institution paved the way for competitive debt financing on the deal.  Initially, National committed $20 million of joint venture equity and used its balance sheet to provide recourse to the lender in order to secure the best possible loan terms. Our market knowledge, reaction time and financial strength are characteristics that enabled National to capitalize on a tremendous opportunity in a strong market.