WASHINGTON, DC-An affordable-housing community here, Portner Place, is being marketed for sale. The property, located at 1449 U St., NW, consists of three buildings for a total of 48 units. Jones Lang LaSalle’s Al Cissel, Scott Melnick and Christine Espenshade are marketing the property, and Shawn McDonald is leading the financing efforts.

Espenshade says that more institutional investors are entering the local affordable-housing market. “While we’re seeing very strong rent growth in the market-rate space, we’re also seeing growth in affordable. This year, we can expect to see an increase in affordable-housing opportunities come to market as investors become more comfortable with the sector as an investment product.”

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