Elme Bethesda
5114 Dudley Ln, Bethesda, MD, 20814-5458, US
193 unités
Descriptif
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire Elme Germantown (“the Property”), a 1990 vintage, 218-unit property located in Germantown, Maryland. Elme Germantown presents the opportunity to capitalize on compelling in-place yield along with 100% mission-driven rents (80% AMI) across the unit mix. Elme Germantown also provides the potential to continue a proven renovation strategy and capture value-add upside through in-unit, common area, and amenity renovations. The Property’s unit mix features 69% large two-bedroom units (average over 1,000+ SF), ideal for family renters. The investment opportunity is highlighted by the Property’s continued strong performance as evidenced by 96% occupancy and minimal concessions.
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Attributs
Année de construction
1990
Nombre d'unités
218
Occupation
96 %
Média
Points forts de l'investissement
STRONG PROPERTY LEVEL PERFORMANCE & MISSION DRIVEN RENTS
Compelling In-Place Yield, 96% Occupied and 100% Mission-Driven Affordability (80% AMI)
VALUE-ADD POTENTIAL IN GERMANTOWN, MARYLAND
Proven Renovations with Remaining Upside in 141 Classic/Legacy Units (65% of the Unit Mix)
MINIMAL FUTURE SUPPLY FORECASTED IN THE SUBMARKET
Compelling Fundamentals Given No Projected Near-Term Deliveries
SUBURBAN MARYLAND LOCATION WITH CONVENIENT REGIONAL ACCESSIBILITY
Adjacent to Montgomery College, Less Than a Mile to I-270, and a 15-Minute Drive to I-495
STRONG EMPLOYMENT AND RETAIL-CENTRIC LOCATION
3.4MM SF of Office and 2.4MM SF of Retail within a 2-Mile Radius
EXCEPTIONAL RENTER DEMOGRAPHICS
Montgomery County “A” School System Rating, $146K Average Household Income, $556K Average Home Value, and 3.1% Unemployment Rate
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Elme Germantown (0 Propriétés)
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Dernière mise à jour
15 sept. 2025
