APARTMENTS • AMLI at Seven Bridges • Harrison Commons Apts/ Penmark Condominiums • La Terrazza at Colma Station Apartments • Park Bethesda Apartments • Munroe Place @ Quincy Center CONDOMINIUMS • E11even Condos • The Palmolive Condominiums • St. Paul Crossing • University Club Tower MIXED USE • Jack London Square • Shadyside • Washington D.C. Site Acquisition OFFICE • Broadway 655 • Central Park East RETAIL • Legacy Village • Tysons Corner Center

Washington D.C. Site Acquisition

For real estate investors, Washington, DC is one of the most competitive markets in the world. When the opportunity arose to acquire almost nine acres of land located at the junction of the Capitol’s two rivers and near the city’s new proposed baseball stadium, NEBF reacted swiftly, negotiating and closing the complex acquisition and development transaction in less than 45 days.  NEBF’s deep market knowledge enabled it to immediately recognize the value of the site’s 2.7 million square feet of development rights. Given the magnitude of the project, NEBF relied on its strong relationship with an institutional equity partner to bring additional equity to the transaction, and used its flexibility to accommodate that partner’s 1031 exchange needs.  In addition, NEBF’s relationship with a nationally known lending institution paved the way for competitive debt financing on the deal.  Initially, NEBF committed $20 million of joint venture equity and used its balance sheet to provide recourse to the lender in order to secure the best possible loan terms. Our market knowledge, reaction time and financial strength are characteristics that enabled NEBF to capitalize on a tremendous opportunity in a strong market.

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