Boathouse’s prime location in Foggy Bottom ideally caters to the rising demand for quality off-campus housing in a supply constrained market. Our business plan will enhance student living by offering modern furnishings and premier amenities tailored to their specific needs. We appreciate the coverage Commercial Observer!
About us
Palmor Capital was formed in July 2023 under the premise that outperformance in real estate investing is based on asset class and market specialization. We are an event-driven real estate investor focused on middle market student housing and multifamily across the Southeast and Mid-Atlantic United States. We strategically target assets that offer compelling risk-adjusted returns due to specific events, trends, or economic changes. www.palmor.com
- Website
-
www.palmor.com
External link for Palmor Capital
- Industry
- Investment Management
- Company size
- 2-10 employees
- Type
- Privately Held
Employees at Palmor Capital
Updates
-
Palmor Capital is thrilled to announce the acquisition of Boathouse, a premier Class A residential property in the heart of Washington D.C.'s Foggy Bottom neighborhood. This strategic joint venture with Up Campus Student Living, BridgeInvest, and our capital partner, Sabal Investment Holdings, marks a significant milestone in our mission to enhance student living experiences. Located just a 5-minute walk from George Washington University, Boathouse features 250 units with state-of-the-art amenities including rooftop lounges, a fitness center, and an outdoor pool. Our comprehensive redevelopment plan aims to rebrand, enhance common areas, and offer furnished units, positioning Boathouse as the top choice for off-campus housing. We are excited about this new chapter and look forward to creating a premier student housing experience in Washington D.C. 📍 2601 Virginia Ave. NW, Washington D.C. 🏡 250 Units | 281 Beds | 4,747 sq. ft. of Retail Space
Joint Venture Acquires Boathouse Apartments in DC for $67.5M, Plans to Reposition for Student Housing
https://rebusinessonline.com