CAPREIT Assumes Management of Barclay & Fairfax Court Apartments

BETHESDA, Md., March 13, 2018 /PRNewswire/ -- CAPREIT, a fully-integrated real estate operating company responsible for the ownership and management of more than $5 billion of multifamily assets, today announced it has taken over management responsibilities of Barclay and Fairfax Court, a pair of garden-style apartment communities with prime access to Washington D.C.

Located in the Chevy Chase neighborhood near Downtown Bethesda, the communities feature a combined 175 apartment homes contained within three- and four-story midrises. The communities are flanked by meticulous landscaping and provide near-immediate connectivity to a vast array of dining, retail and cultural options.

"With a firm mission and track record of providing affordable housing across the country, CAPREIT is excited to manage the Barclay and Fairfax Court apartments with the goal of taking resident service to the next level and creating a place residents are proud to call home," said Jay Wilson, asset manager for CAPREIT. "We're fans of the Washington, D.C., metro area, as it continues to be one of the strongest markets in the country. Bethesda and the surrounding cities have experienced phenomenal growth, which we anticipate to continue."

Situated at 4716 Bradley Boulevard, residents will have expedient access to Trader Joe's, Landmark Theaters and The Shops at Wisconsin Place, an open-air retail destination anchored by Bloomingdale's and Whole Foods. Barclay and Fairfax also are approximately two miles from Walter Reed National Military Medical Center, one of the most prominent military hospitals in the country. It employs a wide variety of medical professionals and boasts a building larger than 43,000 square feet.

The communities also sit near Interstate 495 and within minutes of the Metro, which both provide connectivity to Washington, D.C. and the employment sectors within and surrounding the metropolitan area. Although known for its prominence of government-related jobs, the D.C. area features a diverse job market with a steadily growing tech sector.

Barclay and Fairfax Court consist of studio, one- and two-bedroom homes. Community amenities include business center, fitness center, laundry facilities and high-speed internet access. Apartment interiors include walk-in closets, ample storage space and ceiling fans. Select homes at the smoke-free, pet-friendly communities feature private balconies.

About CAPREIT

As one of the nation's leading housing companies since its inception in 1993, CAPREIT has been involved in more than 200 multifamily communities, representing more than 40,000 rental homes housing more than 100,000 residents. CAPREIT is focused on the implementation of a savvy acquisition strategy, innovative financial structures, and a professional property management style based on resident satisfaction and retention, as well as asset preservation and enhancement. Today, CAPREIT maintains its mission to create value-added growth through strategic acquisitions, continuing to capitalize on multifamily housing opportunities. The company currently owns and/or manages approximately 15,000 apartment units in over 20 U.S. states and is actively seeking to grow its multifamily footprint throughout the continental United States.

MEDIA CONTACT

Paul Willis
LinnellTaylor Marketing
[email protected] 
303-682-3946

SOURCE CAPREIT

Related Links

http://www.capreit.com