The W Condominium
Active

The W Condominium

Washington, DC

Overview

The W Condominium is a 15-unit property originally acquired as a multifamily rental. Identifying a strong value-add opportunity, Nile Equity Group worked collaboratively with the existing tenant association to complete a condominium conversion. Our exit strategy blends both rental income and condo sales, allowing for a hybrid approach that captures value through ongoing cash flow and profitable unit dispositions.

Highlights

  • 15 units
  • Condo conversion
  • Hybrid rental + sales exit strategy
  • Multifamily to condo repositioning

Deal Summary

StatusActive
Asset TypeCondo
LocationWashington, DC
Year Acquired2023
Acquisition Price$2,075,000
Current / Exit Value~$5,000,000
Units15

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