Project Overview:

1862 Mintwood Place (“Barlow”) was completed in April 2024.  Barlow is a prime value-add multifamily investment in the prestigious Kalorama Triangle, one of Northwest DC’s most sought-after residential neighborhoods. The project involved renovating 17 existing apartments, enhancing common areas, and adding 3 new apartments in the lower level of the building, bringing the total to 20. With previous rents 30% below market, the strategy focus was on achieving market rates or higher through reconfigured apartments, modernized kitchens, bathrooms, and in-unit upgrades, capitalizing on the area’s strong rental demand and low vacancy rates.

The property boasts exceptional accessibility, located just 0.5 miles from Woodley Park-Zoo Metro, 1.0 mile from Columbia Heights Metro, and is within walking distance to multiple bus lines. The neighborhood offers an amenity-rich urban experience, just two blocks from 18th Street’s vibrant restaurants, bars, and shopping, and three blocks from The Line DC, a luxury hotel with acclaimed dining. Nearby retailers include Safeway, Harris Teeter, CVS, Starbucks, and Yes! Organic Market. With a Walk Score of 96 and a Bike Score of 91, the location is ideal for urban living. The properties proximity to major employment hubs like Dupont Circle and Massachusetts Avenue, makes it an attractive long-term investment. Barlow will seamlessly integrate into UIP’s existing management portfolio of 300+ units in the submarket, ensuring efficient operations and strong investor returns.