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* * * Development Team Partners with Metro to Build 179 Affordable Residential Units and 240,000-SF of Office Space in Congress Heights, Adjacent to St. Elizabeths East Campus * * * Landmark Multiparty Deal Resolves Previous Tenant Dispute By Providing Permanent, High Quality Affordable Apartments for Senior Residents January 5, 2022 – Washington, D.C. – Standard Real Estate Investments, LP (Standard), a minority-owned real estate investment firm, announced the acquisition of a seven-property land assemblage in Washington D.C.’s Ward 8, adjacent to the St. Elizabeths East campus. The two-acre site includes the southern entrance to the Congress Heights Metro station. Trammell Crow Company, one of the nation’s largest development and investment firms, will execute the leasing and development of the site’s 240,000-SF office component with Standard. NHT Communities will develop 179 apartment units for District residents earning between 30% and 80% of area median income. “This intricate transaction is a giant step toward unlocking the benefits of this extremely well-located site through the office project we’ve planned with Trammell Crow Company and the affordable housing units that NHT Communities will develop,” said Jerome Nichols, President of Standard. “Our assemblage and acquisition effectuate the Planned Unit Development that we extended in October 2021, and will be adding commercial activity, retail amenities, and much needed housing to the Congress Heights community. In addition to our development partners, we are grateful to the Office of the Attorney General for the District of Columbia for its role in making this deal possible.” Congress Heights has been the focus of broader redevelopment initiatives in recent years. “Mayor Bowser has carefully led the transformation of St. Elizabeths East so it reflects the interests and needs of the Congress Heights neighborhood,” said Deputy Mayor for Planning and Economic Development John Falcicchio. “This mixed-use development across Alabama Avenue SE will complement that work and ensure that both entrances to the Congress Heights Metro Station bring vibrancy to the neighborhood while also advancing D.C.’s goal of 36,000 new homes by 2025.” For several decades, the Washington Metropolitan Area Transit Authority (Metro) has facilitated transit-oriented developments that have benefited communities throughout the region. “We are pleased to be a part of this project that generates new economic vitality to the community and affordable housing, as well as new ridership,” said WMATA’s GM/CEO Paul J. Wiedefeld. “The sale of this land will support reinvestment in our core business and provide more access to transit in the communities we serve.” Standard’s assemblage and acquisition also provide a way forward for the long-contested site. Parts of the assemblage had been subject to litigation brought by the Congress Heights SE Tenants Association against the previous ownership, which has now been resolved as part of this transaction. "We are long-time residents of this property and are very happy with NHT’s plan to build a large, all-affordable apartment building that will be home to many individuals and families for decades to come,” said Ruth Barnwell, President of the Congress Heights SE Tenants Association. “Affordable housing is harder and harder to find in the District, particularly for seniors like many of us. We look forward to working with the new owners, and strongly support their commitment to provide healthy, safe and secure housing in the Congress Heights neighborhood.” Approximately 35% of the units in the new apartment building will be two- and three-bedroom family units, serving a significant need in the local neighborhood. "NHT Communities is excited to purchase the Congress Heights property and take a big step toward realizing the Tenant Association’s vision of an affordable, mixed-use, transit-oriented community,” said Priya Jayachandran, President of NHT Communities. “The longtime residents have invested their trust in us, and we look forward to their return to the community as early as 2025. A terrific team of Standard Real Estate Investments, Trammell Crow Company, and our financing partners supported our acquisition, and we are grateful for their partnership." The thoughtful combination of commercial, residential, and retail uses at this transit-oriented site has been made possible by the Standard’s efforts to engage with the community and local experts. Trammell Crow Company is highly experienced in transit-oriented development and built-to-suit office buildings for both public sector and private users. “We are pleased to partner with Standard on this transformative project, furthering our DEI initiative, which is a multi-year and multi-million-dollar commitment to partner with diverse sponsors and invest within diverse communities,” said Campbell Smith, Senior Managing Director of Trammell Crow Company. “This development also expands on our commercial activity in Ward 7 and Ward 8, which was sparked by our development of the new headquarters for D.C.’s Department of General Services located on Minnesota Avenue NE. We are confident that the DGS leasing success will continue to attract commercial users to the burgeoning communities in Ward 7 and Ward 8.” Both the office and residential components of the development are expected to break ground as soon as 4Q 2022, with occupancy slated for 4Q 2024 (office) and 2Q 2025 (residential). In the near term, the team is focused on refining the project’s design and the leasing campaign for the office building.
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* * * Development Team Partners with Metro to Build 179 Affordable Residential Units and 240,000-SF of Office Space in Congress Heights, Adjacent to St. Elizabeths East Campus * * * Landmark Multiparty Deal Resolves Previous Tenant Dispute By Providing Permanent, High Quality Affordable Apartments for Senior Residents January 5, 2022 – Washington, D.C. – Standard Real Estate Investments, LP (Standard), a minority-owned real estate investment firm, announced the acquisition of a seven-property land assemblage in Washington D.C.’s Ward 8, adjacent to the St. Elizabeths East campus. The two-acre site includes the southern entrance to the Congress Heights Metro station. Trammell Crow Company, one of the nation’s largest development and investment firms, will execute the leasing and development of the site’s 240,000-SF office component with Standard. NHT Communities will develop 179 apartment units for District residents earning between 30% and 80% of area median income. “This intricate transaction is a giant step toward unlocking the benefits of this extremely well-located site through the office project we’ve planned with Trammell Crow Company and the affordable housing units that NHT Communities will develop,” said Jerome Nichols, President of Standard. “Our assemblage and acquisition effectuate the Planned Unit Development that we extended in October 2021, and will be adding commercial activity, retail amenities, and much needed housing to the Congress Heights community. In addition to our development partners, we are grateful to the Office of the Attorney General for the District of Columbia for its role in making this deal possible.” Congress Heights has been the focus of broader redevelopment initiatives in recent years. “Mayor Bowser has carefully led the transformation of St. Elizabeths East so it reflects the interests and needs of the Congress Heights neighborhood,” said Deputy Mayor for Planning and Economic Development John Falcicchio. “This mixed-use development across Alabama Avenue SE will complement that work and ensure that both entrances to the Congress Heights Metro Station bring vibrancy to the neighborhood while also advancing D.C.’s goal of 36,000 new homes by 2025.” For several decades, the Washington Metropolitan Area Transit Authority (Metro) has facilitated transit-oriented developments that have benefited communities throughout the region. “We are pleased to be a part of this project that generates new economic vitality to the community and affordable housing, as well as new ridership,” said WMATA’s GM/CEO Paul J. Wiedefeld. “The sale of this land will support reinvestment in our core business and provide more access to transit in the communities we serve.” Standard’s assemblage and acquisition also provide a way forward for the long-contested site. Parts of the assemblage had been subject to litigation brought by the Congress Heights SE Tenants Association against the previous ownership, which has now been resolved as part of this transaction. "We are long-time residents of this property and are very happy with NHT’s plan to build a large, all-affordable apartment building that will be home to many individuals and families for decades to come,” said Ruth Barnwell, President of the Congress Heights SE Tenants Association. “Affordable housing is harder and harder to find in the District, particularly for seniors like many of us. We look forward to working with the new owners, and strongly support their commitment to provide healthy, safe and secure housing in the Congress Heights neighborhood.” Approximately 35% of the units in the new apartment building will be two- and three-bedroom family units, serving a significant need in the local neighborhood. "NHT Communities is excited to purchase the Congress Heights property and take a big step toward realizing the Tenant Association’s vision of an affordable, mixed-use, transit-oriented community,” said Priya Jayachandran, President of NHT Communities. “The longtime residents have invested their trust in us, and we look forward to their return to the community as early as 2025. A terrific team of Standard Real Estate Investments, Trammell Crow Company, and our financing partners supported our acquisition, and we are grateful for their partnership." The thoughtful combination of commercial, residential, and retail uses at this transit-oriented site has been made possible by the Standard’s efforts to engage with the community and local experts. Trammell Crow Company is highly experienced in transit-oriented development and built-to-suit office buildings for both public sector and private users. “We are pleased to partner with Standard on this transformative project, furthering our DEI initiative, which is a multi-year and multi-million-dollar commitment to partner with diverse sponsors and invest within diverse communities,” said Campbell Smith, Senior Managing Director of Trammell Crow Company. “This development also expands on our commercial activity in Ward 7 and Ward 8, which was sparked by our development of the new headquarters for D.C.’s Department of General Services located on Minnesota Avenue NE. We are confident that the DGS leasing success will continue to attract commercial users to the burgeoning communities in Ward 7 and Ward 8.” Both the office and residential components of the development are expected to break ground as soon as 4Q 2022, with occupancy slated for 4Q 2024 (office) and 2Q 2025 (residential). In the near term, the team is focused on refining the project’s design and the leasing campaign for the office building.
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Press Release: Standard Real Estate Investments Partners with Brennan Investment Group on Industrial Facility Development in Laredo, TX
Lindsay Church 2/18/25 Lindsay Church 2/18/25

Press Release: Standard Real Estate Investments Partners with Brennan Investment Group on Industrial Facility Development in Laredo, TX

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Press Release: Standard Real Estate, Arrow Street Development and Belay Investment Group Sell Luxury Multifamily Property in Downtown Indianapolis, IN

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Luxury Residential Building in Downtown Indianapolis Sells
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Luxury Residential Building in Downtown Indianapolis Sells

Standard Real Estate Investments and Arrow Street Development announce the sale of Wesley Place in Indianapolis, IN.

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Ryan Companies breaks ground on Phase 2 of 17 North Corporate Center

We have announced the financial closing and beginning of construction on the second phase for 17 North Corporate Center in North Phoenix, AZ.

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Press Release: Standard Real Estate Expands Investment Programs with GCM Grosvenor, Targets Additional $600M of Industrial Development and Multifamily Acquisitions
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Press Release: Standard Real Estate Expands Investment Programs with GCM Grosvenor, Targets Additional $600M of Industrial Development and Multifamily Acquisitions

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Press Release: Ryan Companies Breaks Ground on Phase Two of 17 North Corporate Center
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Press Release: Ryan Companies Breaks Ground on Phase Two of 17 North Corporate Center

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Duo Teams Up on Workforce-Housing Deals
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Duo Teams Up on Workforce-Housing Deals

Standard Real Estate Investments has expanded its investment ventures with assets managed by GCM Grosvenor.

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Standard Real Estate and Trammell Crow sell newly built Woodridge Industrial Center
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Standard Real Estate and Trammell Crow sell newly built Woodridge Industrial Center

Standard Real Estate Investments LP and Trammell Crow Co. closed on a sale for the newly built Woodridge Industrial Center.

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Press Release: Standard Real Estate and Trammell Crow Company Sell Industrial Complex in Suburban Chicago
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Press Release: Standard Real Estate and Trammell Crow Company Sell Industrial Complex in Suburban Chicago

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This Week’s Houston Deal Sheet: 463K SF Infill Industrial Project To Get Underway By Year's End
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This Week’s Houston Deal Sheet: 463K SF Infill Industrial Project To Get Underway By Year's End

Bisnow featured the news of Standard Real Estate Investments’ recent equity investment.

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PRESS RELEASE: Standard Real Estate and IDV to DevelopMajor Infill Industrial Project in Houston, TX
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PRESS RELEASE: Standard Real Estate and IDV to DevelopMajor Infill Industrial Project in Houston, TX

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Mohr Capital, Standard Real Estate Investments to start work on building in North Valleys
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Mohr Capital, Standard Real Estate Investments to start work on building in North Valleys

Read Rob Sabo of Northern Nevada Business Weekly’s conversation with Robert Jue, CEO of Standard Real Estate Investments and Tom Theobald, SVP of development and build-to-suit at Mohr Capital,

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180,000-SF Industrial Property Planned for Reno, Nev.
Lindsay Church 6/21/24 Lindsay Church 6/21/24

180,000-SF Industrial Property Planned for Reno, Nev.

A joint venture of Standard Real Estate Investments and Mohr Capital plans to develop a 180,000-square-foot industrial property in Reno, NV.

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PRESS RELEASE: Standard Real Estate and Mohr Capital to Develop Major Infill Industrial Project in Reno, NV 
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PRESS RELEASE: Standard Real Estate and Mohr Capital to Develop Major Infill Industrial Project in Reno, NV 

Standard is making an equity investment via its investment vehicle to develop a 180,000-square-foot industrial facility in partnership with Mohr Capital.

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Update on “COVID favorite” property sectors: Do “COVID favorite” property sectors have staying power?
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Update on “COVID favorite” property sectors: Do “COVID favorite” property sectors have staying power?

Shubhra Jha, Standard Real Estate Investments’ head of investment strategy and research, provides expert commentary in an IREI article on sector performance post-Covid.

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ULI Special Report: It’s ‘Pencils Up’ for the Right Property Types
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ULI Special Report: It’s ‘Pencils Up’ for the Right Property Types

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PRESS RELEASE: Standard Real Estate Invests in Trammell Crow Company Infill Industrial Complex in Orlando
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PRESS RELEASE: Standard Real Estate Invests in Trammell Crow Company Infill Industrial Complex in Orlando

Standard is making an equity investment in the Apopka Business Center I n Orlando, FL. The project will be developed by global real estate developer Trammell Crow Company.

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California-based company invests in Trammell Crow’s planned industrial park in Apopka
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California-based company invests in Trammell Crow’s planned industrial park in Apopka

GrowthSpotter’s Tyler Williams reports on Standard’s equity investment in Trammell Crow Company’s planned industrial park in Apopka, Florida. Read more…..

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Press Release: Standard Real Estate Investments and The Vistria GroupAcquire Haven on Long Grove Multifamily Community in Chicago MSA for $94 Million
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Press Release: Standard Real Estate Investments and The Vistria GroupAcquire Haven on Long Grove Multifamily Community in Chicago MSA for $94 Million

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Chicago-Area Workforce Rentals Sold
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Chicago-Area Workforce Rentals Sold

Standard Real Estate Investments has teamed up with Chicago-based Vistria Group to buy the 416-unit Haven on Long Grove in suburban Chicago.

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Standard Real Estate Investments, LP

Los Angeles Office | 6121 Sunset Boulevard, Los Angeles, California 90028
Washington D.C. Office | 1203 K Street, NW | Suite 446, Washington D.C. 20005
Phone: +1 310 651 3220 | Email: investors@standardrei.com



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