Apartment Building Solaire 8200 Dixon, in Silver Spring, MD

SILVER SPRING, MD – Washington Property Company (WPC) has broken ground on the 403-unit apartment tower, Solaire 8200 Dixon, in downtown Silver Spring, MD. The cost of the development totals $163 million.

To provide equity for the project, WPC has partnered with the joint-venture fund of Cresset Partners and Diversified Real Estate Capital, Cresset-Diversified QOZ Fund. The joint-venture closed a $470 million fund earlier this year to invest in Opportunity Zone real estate projects. The fund currently consists of seven projects, including Solaire 8200 Dixon.

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Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.

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