Washington, DC NE
One of the newest investments in our portfolio, this 180+ unit multi-family project is nestled in the heart of the H-Street Corridor of Washington, DC NE. The Property is closely situated to several retail and dining options, entertainment and nightlife amenities, national landmarks and thousands of employers. The property is well positioned to capitalize on one of the nation’s strongest economic and residential markets.
JIDI invested in the purchase of one of two parcels of land and remained in the project until the land was entitled with proper zoning. Following the entitlement process JIDI was refinanced by another private equity company who will be taking the project to it’s final completion. JIDI investment plus proceeds were recapitalized at a return of 50.7% over the project duration (over 30% annualized).
- Project Name: 17th Street
- Project Category: Mixed-Use Development