About This Investment
This “Class A” apartment building asset — offering 335 luxury rental units in Foggy Bottom, one of Washington, DC’s oldest and most prominent neighborhoods — was completed in Spring 2011 and acquired by Wafra in March 2015.
The Class A apartment building was completed in spring 2011. Wafra acquired the asset on behalf of its client in March 2015. The building offers 335 luxury rental apartments and approximately 50,000 square feet of retail anchored by a market-leading Whole Foods Market. In addition to the richly appointed apartment units, the Avenue also boasts an impressive amenity package including two expansive rooftop terraces, a rooftop swimming pool, an excellent resident lounge that includes a demonstration kitchen, and multiple fitness training rooms. The Avenue is centrally located in Foggy Bottom, one of Washington, D.C.’s oldest and most prominent neighborhoods, affording its residents a superior location with tremendous walkability as well as direct access to the Metro system.