WASHINGTON, DC—Mill Creek Residential Trust has hired Holliday Fenoglio Fowler to market its 603-unit Trilogy apartment project in NoMa.
The Dallas, TX-based firm partnered with Berkshire Property Advisors LLC to develop the Trilogy property at 151 Q St. The project was completed in November 2012.
HFF senior managing director David Nachison says he expects Trilogy will sell for significantly more than its $160 million assessed value, according to the Washington Business Journal.
"NoMa's coming into its own now," Nachison says. "People are recognizing that it really is an up-and-coming market."
Nachison says that the current occupancy rate at the Trilogy property is 93%. Delta Associates reports the third quarter vacancy rate for Class A apartments in the NoMa H Street neighborhood is 17.4%. See story in the Washington Business Journal.
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