11.7% Net Annual Returns from DC Investment
Construction is complete on an upscale Washington, DC apartment building financed in part by Fundrise, paying investors an 11.7% net annualized return to date. The developer, Ditto Residential, began demolition on the existing structure in the spring of 2015 and construction on the 41-unit building was substantially completed by the end of 2016.
The Hendrix Apartment Building is located in the recently revitalized DC H Street Corridor, where home prices have risen by 15% over the past year. This 10-block corridor was formerly known for its nightlife, but the shops, bars, restaurants, and theatres now lining the corridor have made it a desired destination at all times of the day.
H Street in Focus
The Hendrix is just one of several Fundrise investments near the H Street corridor. Early Fundrise investment 1351 H Street NE is now home to Hendrix neighbor Maketto, a popular restaurant, store and coffee shop.
Also within walking distance for Hendrix residents is a brand new 40,000 square foot Whole Foods. This H street location of the popular grocery store chain was developed by repeat Fundrise partner Insight Property Group, sponsor of the Growth eREIT™’s northern Virginia stabilized multifamily acquisitions at Canterbury Square and Sacramento Square.
Ready to Move to H Street and Live at The Hendrix?
These brand new apartments are garnering a lot of attention. In a recent article in the Washington Post, Ditto’s Hendrix apartments were hailed for their “emphasis on light and large windows” as well as stellar amenities. These include “a roof deck, WiFi in the lobby, garage parking, secured bicycle parking and services that residents can pay for, such as dry cleaning and laundry pick-up, dog walkers and housekeeping”.
You can visit the Hendrix website here to see more information and become a resident.