NOVO Properties Announces New Acquisition in Brookland neighborhood of Washington, DC

Washington, DC – January 2020   NOVO Properties (NOVO) is pleased to announce the acquisition of The Glenwood Apartments, a 90-unit multi-family property in the Brookland neighborhood of Northeast, Washington, DC. NOVO teamed with the Glenwood Apartments tenant’s association to execute a development agreement and take an assignment of the tenants right to purchase under […]

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NOVO Properties Announces New Acquisition in Brightwood neighborhood of Washington, DC

Washington, DC – November 2019   NOVO Properties (NOVO) is pleased to announce the acquisition of 1320 Nicholson Street, a 24-unit multi-family property in the Brightwood neighborhood of Northwest, Washington, DC. NOVO teamed with the Latino Economic Development Center (LEDC) to provide a development agreement that allows for a building renovation to occur while protecting […]

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NOVO Properties Announces sale of Ames Street Apartments in Washington, DC

Washington, DC – September 2019   NOVO Properties (NOVO) is pleased to announce the sale of the Ames Street Apartments, a 73-unit apartment community in Northeast Washington, DC. NOVO purchased the Ames Street Apartments in 2007 and oversaw a significant renovation program while benefitting from the public and private investments that have flooded to Northeast, […]

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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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