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May 02, 2018  

TH Shops Upscale Apartments in DC

TH Real Estate is shopping a luxury apartment building in Washington, D.C., that’s likely to fetch $170 million.The 268-unit property, at 1920 14th Street NW, opened four years ago and is 96% occupied. A sale at the anticipated price would produce an initial annual yield in the low-4% area. Eastdil Secured is representing the TIAA unit.The nine-story building, called Louis at 14th, has 43,000 square feet of ground-floor retail space,...

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