Jair Lynch Acquires Five Apartment Buildings in DC

• December 5, 2011
• 5 Comments

by UrbanTurf Staff

Petworth Station

Jair Lynch Development Partners has acquired five apartment buildings in DC, totaling 482 units. The buildings that the U Street firm has added to their portfolio include:

• The 105-unit Aspen Court at 6676 Georgia Avenue NW (map);
• Brookland Park, 80 homes at 617 Hamlin Street NE (map);
• Burke Park, 160 homes at 1111 Massachusetts Avenue NW (map);
• Petworth Station, 78 homes at 930 Randolph Street NW (map);
• Fort Stevens Hill, 59 homes at 1339 Fort Stevens Drive NW (map).

According to a press release, the above communities “target young professionals and families with incomes not exceeding $43,000-$64,000.”

Jair Lynch has been busy over the last several months. In July, news came of a proposed 95-unit, nine-story residential building for the corner of 15th and V Street NW that the firm had in the works, and then in late September, Housing Complex reported that they had purchased a stretch of property on the 600 block of H Street NE. That plot will become 240 apartments in the next several years.

Jair Lynch’s latest acquisition brings the firm’s portfolio of residential units to over 2,100.

Image courtesy of Google Maps.

This article originally published at http://dc.urbanturf.com/articles/blog/jair_lynch_acquires_five_apartment_buildings_in_dc/4704

5 Comments

1. SWill said at 3:43 pm on Monday December 5, 2011:

   The photo looks like the condo building at 1111 11th Street.

1. Mark Wellborn said at 3:54 pm on Monday December 5, 2011:

   SWill,

   Thanks for catching that. We had the wrong project in there.

   Mark Wellborn
   Editor

1. MikeC said at 6:48 pm on Monday December 5, 2011:

   617 Hamlin is in Edgewood not Brookland!

1. Nancy said at 11:13 pm on Monday December 5, 2011:

   No, it is located just inside Brookland.  The Edgewood neighborhood starts on the south side of Franklin ST.  That’s about 2 blocks away from this property.  For another point f interest there is also a small neighborhood called Stronghold that borders the west side of this section of Brookland. 
   Anyway, such low incomes for apartments located on the same street as brand new $500k+ row houses.  We’ll see how that goes.  The Hamlin Street apartments are currently poorly well run. Perhaps new management will do better.

1. Peggy Smith said at 2:17 pm on Monday December 19, 2011:

   Looking for apartments that cater to artist-types/young professionals just starting out. Any suggestions?

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