Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-Livingstone Manor, a 392-unit apartment community in Southeast D.C. will be rehabilitated through an equity investment from Related Capital of $11.24 million. William C. Smith & Co. will redevelop Livingstone Manor, located at 4419 Third Street SE, and it is slated for completion in December 2002. The rehabilitation project will include restoring building facades, improving mechanical systems, and enhancing security features and landscaping throughout the site.

Related Capital focuses on affordable housing. The company has financed the construction and rehabilitation of 700 properties, with over 78,000 units in 44 states and Puerto Rico. The company said it is the third-largest owner of multifamily housing in the U.S. with a portfolio of over 1,200 properties, valued at about $11 billion.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.