NOVO Properties Announces New Executive, Michelle Reed – VP, Management Services

Washington, DC – December 2020   NOVO Properties (NOVO) is proud to announce a new leader for its property management business, Michelle Reed, Vice President, Management Services. Michelle was most recently the Vice President of Residential Services with Avison Young. Michelle oversees the operations of 44 properties located in the District of Columbia, Illinois, Maryland, […]

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NOVO Properties Announces Sale of Chicago Property

Chicago, IL – October 2020   NOVO Properties (NOVO) has sold Chicago property 4400 S Drexel Blvd, a 46-unit apartment building, to 312 Properties, a Chicago based owner and developer. The official sale took place August 14, 2020, at a sales price of $3,650,000. NOVO has owned and operated the property since 2007. The property […]

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NOVO Properties Announces Ground-Up Development in Alexandria, VA

Washington, DC – July 2020   NOVO Properties (NOVO) received unanimous Planning Commission and City Council approval in June 2020 for its 119-unit apartment development project in Alexandria Virginia, The Grayson. Named after Sarah Gray, a prominent African American educator in Alexandria during the late 1800’s, the project is located on Route 1 within blocks […]

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NOVO Properties Announces New Fairfax, VA Acquisition

Washington, DC – May 2018   NOVO Properties (NOVO) is pleased to announce the acquisition of 10805 Harvey Drive, a 60-unit multi-family property in Fairfax, Virginia. 10805 Harvey Drive (Cardinal Court) was acquired in March 2018 with the intent of renovating the apartments and common areas.  Cardinal Court is located in the heart of Fairfax […]

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NOVO Properties Announces New NE, DC Acquisition

Washington, DC, April, 2018   NOVO Properties (NOVO) is pleased to announce the acquisition of 315 – 325 Franklin Street, a 76-unit multi-family property in NE Washington, DC.   315 – 325 Franklin Street (Panorama Courts) was acquired through a bankruptcy sale of Franklin Street Associates, a Sanford Capital affiliated property.  NOVO agreed to implement […]

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NOVO Properties Announces New DC Acquisition

NOVO Properties Announces New DC Acquisition   Washington, DC, March, 2018   NOVO Properties (NOVO) is pleased to announce the acquisition of 1825 Maryland Avenue NE, a 25-unit multi-family property located in NE Washington, DC.   1825 Maryland Avenue NE is located just to the east of the rapidly developing H Street Corridor.  Convenient to […]

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NOVO Properties Announces New DC Acquisition

Washington, DC, March, 2017 NOVO Properties (NOVO) is pleased to announce the acquisition of 1820 Irving Street NE, a 15-unit multi-family property located in NW Washington, DC. 1820 Irving Street is located adjacent to the quickly developing Rhode Island Avenue corridor in Northeast, Washington, DC. This property complements NOVO’s existing portfolio of multifamily properties in […]

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NOVO Properties Announces New DC Acquisition

Washington, DC, March, 2017 NOVO Properties (NOVO) is pleased to announce the acquisition of 310 Hamilton Street, NW, a 17-unit multi-family property located in NW Washington, DC. 310 Hamilton Street is located in the desirable Petworth submarket. This property is located just across the street from the Washington Latin school and blocks away from the […]

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Planning Board To Vote on High-Rise Project at Former Steamers Site in Bethesda

Montgomery County planners are expected to vote Thursday on a developer’s proposal for a 58-unit high-rise on the former site of Steamers Seafood House in Bethesda. Planners earlier this week talked about the project to construct a 110-foot building called the Claiborne at the intersection of Auburn and Norfolk avenues. Steamers was open for 19 […]

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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 […]

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