Reportedly Northern Virginia, Dallas and New York City are on the company's short list.

"We realize that healthcare and technology are two high growth sectors of the economy."

Easier access to Capitol Hill and the ability to host members in a vibrant, amenity rich neighborhood were among the reasons, RILA's president said.

During the period in which PointOne Holdings owned and operated the property, occupancy increased from 90 to 99% and average effective rents increased by 22%, from $747 to $912 per unit per month.