Equity Management Completes Rapid Lease Up in Northwest DC

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Equity Management proudly announces the completion of a lease up for a brand new high rise apartment community on Georgia Ave in Northwest DC.

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“We were pleased to see the lease up progress so quickly,” said Tony Ross, Executive VP, Equity Management. “Our management and marketing teams worked hard and it paid off.”

Developed by Neighborhood Development Company and Mi Casa, Inc. 32Thirty-two Apartments is comprised of 67-unit affordable apartment homes and is located in the heart of Washington, DC’s Columbia Heights/Petworth neighborhood. The building offers one, two, and three bedroom homes.

Construction was completed in May 2013 and move-ins took place throughout the summer months. By the end of September all 67 apartments were leased and moved in.

“We were pleased to see the lease up progress so quickly,” said Tony Ross, Executive VP, Equity Management. “Our management and marketing teams worked hard and it paid off.”

Developed as a LIHTC community, marketing efforts included neighborhood outreach and a strong social media presence.

Each apartment home features faux wood flooring, designer kitchens with maple cabinets and black laminate counters, 9 foot ceilings, storage space, and individually controlled heating and air conditioning. 32Thirty-two apartments is a green apartment community and offers a green rooftop terrace, courtyard, underground parking, cyber lounge, laundry facility, and 24-hour emergency maintenance.

Equity Management was also at the helm of the lease up of 3Tree Flats, another apartment community in the Petworth neighborhood of Washington, DC. That lease was completed in three months in 2011.

Equity Management is a leading property management firm, specializing in affordable housing in the mid-Atlantic area with over 9,000 units under management in 7 states. The firm was recently recognized as the 57th largest manager of affordable housing by NAHMA (National Affordable Housing Management Association). This is the 5th consecutive year Equity Management has been named to the Top 100 list. Equity Management has experienced rapid growth and has a wide range of management services to help investors meet their needs.

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Kristen Etzel
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