Washington, DC

The fund's portfolio will have a core focus on multifamily development in urban locations.

In what the firms describe as a first of its kind service, the goal is to compile actual senior housing rates and leasing activity submitted by senior living operators.

“We listed the properties the day after Amazon announced it was locating its headquarters here. The properties were under contract within hours with two at the full price.”

The company is expected to bring 550 positions, an increase of 20% of its present area workforce, to its new headquarters offices in early 2021.

The Policy is one of dozens of Depression-era buildings that UIP has renovated in many DC neighborhoods. The company owns and manages two other apartment buildings nearby—1940 Biltmore St. and 1841 Columbia Road.

For its first project Boston Properties sold the venture the 375-unit Tower Oaks project in Montgomery County.

“The relocation and extension of the PBS lease is also indicative of our plan to retain and attract diverse industries to National Landing, including associations and non-profits.”

Middleburg says that it will continue to raise capital and add other assets and high net investors to the fund, which is expandable to $75 million and offers Middleburg the capacity to invest in approximately $250 million of assets.