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260-unit best in class multifamily asset located in Largo, MD. Built in 2021, this newly delivered asset boasts an impressive amenity package and top-of-the-market in-unit finishes. Despite delivering in March 2021, Everly is already over 96% leased. Given its excellent leasing performance, the Property has been able to push rents multiple times and achieve very strong rents.
- Excellent Initial Performance - Over 96% leased within months of delivery. Everly has been able to increase rents multiple times and achieve top-of-market rents
- Transit Oriented Asset - The Property is 0.5 miles from the Largo Town Center Metro, 5-minutes from I-495, 8-minutes from the Baltimore Washington Parkway and 3-minutes from Central Avenue
- Significant Demand Drivers - 4 MM SF Retail and 2.1 MM SF Office, within a 3-mile radius of Everly
- Close Proximity to Major Employers - University of Maryland Capital Region Medical Center and Kaiser Permanente Largo Medical Center are 1.2 & 1.5 miles respectively. Fort Meade and NASA Goddard Space Flight Center are a 20-minute drive
- Positioned For Outsized Rent Growth - Everly is well positioned for outsized rent growth due to submarket demographics and fundaments
- Proximity to Large Infrastructure Investments - $5.6 billion approved infrastructure spending on the Purple Line