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The multi-use facility, designed to enhance the student experience, also marks important milestone at 3300 Whitehaven Street redevelopment project.
Margarite offers wellness-focused, high-end design and amenities.
Retail unit at 5211 Wisconsin Avenue NW to be used as two-month pop-up bookstore called Carpe Librum for D.C. based educational non-profit organization Turning the Page.
Refinancing follows $20M modernization of historic building, focused on sustainability, wellness, and amenities.
Marks fifth deal into Grosvenor's True North III Partnership.
The transaction represents the fourth deal within Grosvenor’s True North III Partnership, established in July with $300M to invest in equity and equity-like opportunities.
Grosvenor acquired the multifamily rental property in 2015 and subsequently completed an extensive repositioning program.
Marks third deal into Grosvenor's True North III Partnership.