Property Details
Presenting the River Terrace BHC Portfolio: 121 residential units across 10 garden-style apartment buildings on Kenilworth Avenue, East Capitol Street and Blaine Street NE, together with a five-space commercial strip on Benning Road NE, in Washington, DC. The portfolio sits directly across the Anacostia River from the RFK campus and the planned Washington Commanders stadium. Owned by the same family since the 1950s and now offered for sale for the first time, the BHC Portfolio represents a rare opportunity to acquire meaningful scale in one of DC’s established residential neighborhoods.
The investment combines durable in-place income with clear opportunities to create additional value. Near-term upside includes leasing vacant units, improving operating performance and moving rents toward levels demonstrated by recent leasing at the properties as long-term tenancies turn over, subject to the District’s rent stabilization rules. The five-space commercial strip adds a separate income stream along the Benning Road corridor.
The concentration of the properties is a major advantage. Located within just a few blocks of one another, the portfolio offers operating efficiencies that would be difficult to achieve through piecemeal acquisitions. That same concentration also creates long-term optionality. The existing low-density buildings may support future repositioning or redevelopment, subject to applicable zoning, entitlement and regulatory considerations.
River Terrace itself offers a compelling combination of quiet residential character, waterfront access and connectivity to the rest of Washington. Capitol Hill and major DC employment centers are easily accessible via Metrorail at Minnesota Avenue, Metrobus, East Capitol Street and DC-295. Nearby amenities include the Anacostia Riverwalk Trail, River Terrace Park, Kingman and Heritage Islands, Langston Golf Course and the River Terrace Education Campus.
Immediately across the Anacostia River, the RFK campus is planned for a major transformation anchored by the future Washington Commanders stadium. The broader redevelopment is expected to bring new housing, retail, restaurants, hotels, recreation and public spaces, together with improved transportation and waterfront connections. A purchaser acquiring the BHC Portfolio before that work is delivered gains current income, identifiable operational upside and a significant ownership position adjacent to one of the most consequential redevelopment projects in the District.
The River Terrace BHC Portfolio offers something increasingly difficult to find in Washington: scale, concentration, current cash flow, operational upside and long-term optionality in a neighborhood positioned to benefit from substantial public and private investment.
Qualified prospective purchasers are invited to request the confidential Offering Memorandum, which includes detailed information regarding residential occupancy and commercial tenancies, the rent roll and lease structure, historical financial performance, recent leasing evidence, operating assumptions, building systems and capital improvements, parcel and zoning analysis, and development considerations. Additional due diligence materials are available upon request.
