WASHINGTON, DC—Mill Creek Residential Trust hashired Holliday Fenoglio Fowler to market its603-unit Trilogy apartment project in NoMa.

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The Dallas, TX-based firm partnered with BerkshireProperty Advisors LLC to develop the Trilogy propertyat 151 Q St. The project was completed in November 2012.

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HFF senior managing director David Nachisonsays he expects Trilogy will sell for significantly more than its$160 million assessed value, according to the Washington BusinessJournal.

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"NoMa's coming into its own now," Nachison says. "People arerecognizing that it really is an up-and-coming market."

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Nachison says that the current occupancy rate at the Trilogyproperty is 93%. Delta Associates reports thethird quarter vacancy rate for Class A apartments in the NoMa HStreet neighborhood is 17.4%. See story in the Washington Business Journal.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.