The Webb Group of Marcus & Millichap is the premier multifamily brokerage group in the Greater Washington, D.C. Metropolitan Area, having closed more than 100 investment real estate transactions since 2014. The Webb Group works closely with all types of investors and leverages the full range of Marcus & Millichap’s services, including real-time research, national and local property trend analysis, and capital markets expertise to achieve unparalleled results. The Webb Group’s specialization in the Washington, D.C. multifamily and urban infill markets enables us to create substantial value for private and institutional investors locally, regionally, and nationally. Our team has extensive knowledge with TOPA (Tenant Opportunity to Purchase Act) and DOPA (District Opportunity to Purchase Act), which has enabled us to successfully navigate and close over 70 TOPA transactions since 2014. Our expertise with TOPA has been essential to our success negotiating tenant buyouts and development agreements between buyers and tenant associations. Proof of this is demonstrated by the face that the majority of our TOPA transactions have gone to closing before the entire allowable TOPA timeline has elapsed. Furthermore, our talented support staff includes a full-time operations manager, marketing coordinator, transaction-management specialist, and an investment analyst.
Frederick Douglass Apartments
This property presents the unique opportunity for three separate opportunity zone transactions as well as Historic Tax Credits (HRTC), Low Income Tax Credits (LIHTC), New Market Tax Credits (NMTC) and Green Initiative Grants. As will be explained in the following sections, by segregating the building and the parking lot into three separate tax parcels a purchaser can effectively shelter +/- $25 Million worth of capital gains liabilities. This includes a renovation of the existing historic building and addition of apartment units to the structure, ground up development of 100 units in the parking lot and the renovation and reposition of the 9,500 square foot historic theater.
LOOKING TO SELL?
Now is a great time to sell real estate assets. Low interest rates, fantastic job numbers, low supply, and tremendous demand combine to make an environment prime for sellers. We at The Webb Group of Marcus & Millichap can get you the most money for your property, in the fastest time, with the fewest headaches. It's what we do.