NOVO Properties Announces New DC Acquisition

 

Washington, DC, November, 2016

 
NOVO Properties (NOVO) is pleased to announce the acquisition of 1440 Chapin Street, NW, a 28-unit multi-family property located in NW Washington, DC.

 
1440 Chapin Street is an exciting acquisition for NOVO as it increases the Company’s presence in a neighborhood with great growth potential. Just five blocks from the U Street Metro Station and seven blocks from the Columbia Heights Metro Station, the local amenities are accompanied by exceptional access to multi-modal transportation. NOVO partnered with the Tenant Association to acquire this property.

 
“NOVO is very excited with this acquisition. This building is a diamond in the rough. NOVO has significant capital improvement plans scheduled and, working with the Tenant Association, looks forward to continued improvements to the property,” said Greg Selfridge, Managing Partner at NOVO.

 
For more information about this acquisition, please contact NOVO Properties’ main office at (202) 315-1111, or visit the NOVO Properties website at www.LiveNovo.com.

 

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NOVO Properties is a multi-family owner, developer and property management company headquartered on Capitol Hill in Washington, DC. NOVO currently owns and manages a portfolio of approximately 2,000 apartment units throughout Washington, DC, Chicago, Charleston and the city of Cambridge on Maryland’s Eastern Shore.