The Langston
A to-be-built, mixed-use development w/ 204 luxury apartments, 15,443 SF of retail, and 77 underground parking spaces. The Project will be located in Shaw, one of Washington, D.C.’s residential areas and next to the Shaw-Howard Univ Metro Station.
Location
Washington, DC
Investment Strategy
Development
Property Type
Multifamily
Open To
Accredited Investors
Closed Date
Mar 2022
Status
Closed Investment Strategies
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Sponsor Details
Sponsor Designation
CrowdStreet categorizes sponsors based on their experience and track record so our investors can get a sense of the firm behind the deal.
Enterprise
FIRM AGE15+ YEARS
LEADERSHIP EXPERIENCE30+ YEARS
PORTFOLIO VALUE$5 B +
National Platform
Ranked in the top 250 for estimated value of total holdings per Real Capital Analytics
Tenured
FIRM AGE10+ YEARS
LEADERSHIP EXPERIENCE20+ YEARS
PORTFOLIO VALUE$500 MM +
Leadership has invested together over multiple cycles
Dedicated investor relations and accounting staff
Seasoned
FIRM AGE5+ YEARS
LEADERSHIP EXPERIENCE10+ YEARS
PORTFOLIO VALUE$100 MM +
Network of repeat investors
Established banking relationships
Affiliations with national industry associations ULI, NAOIP, CCIM, SIOR or IREM
Emerging
FIRM AGE< 5 YEARS
LEADERSHIP EXPERIENCE2-5 YEARS
PORTFOLIO VALUE< $100 MM +
Strong leadership experience
Experience in the proposed asset class and geographic market
Experience in managing individual investors
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Sponsor Equity
$3,952,040.00
3.572088130476212%
Investor Equity
$35,568,360
32.14879317428591%
Senior Loan Amount
$71,116,290
64.27911869523788%
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Total
$110,636,688
100%
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