WASHINGTON, DC-Gables Residential and an affiliate of USAA Real Estate Co. have signed a joint venture agreement to develop Gables Upper Rock, a 281-apartment property in Rockville. The joint venture has plans to develop Class-A multi-family properties at selected sites.

The acquisitions and development of Class-A multi-family assets total more than $400 million. Gables will provide property management, development and construction services to the venture. Developments are underway for Gables Fairmount, Gables Bering and Gables Upper Rock. For the full story, go to Washington Business Journal.


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