GREENBELT, Md.–(BUSINESS WIRE)–Sept. 15, 2022–
The NRP Group, a premier, vertically integrated multi-family housing developer, builder and manager, Willton Investment Management, a real estate-focused family office investment firm, and Greenbelt Mayor Emmett V. Jordan, today celebrated the grand opening of Motiva, an amenity-rich, transit-focused community of 354 upscale apartments in the town of Greenbelt, Maryland.
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Members of Greenbelt City Council, Willton Investment Management and Eagle Bank joined NRP Group and Greenbelt Mayor Emmett V. Jordan at an open house for Motiva, a luxury community of 354 units. (Photo: BusinessWire)
“Willton Investment Management, the City of Greenbelt and the staff and the Prince George’s County Park and Planning Board have been great partners,” said Joe Torg, Senior Vice President of Development at The NRP. Group. “They were deeply invested in the realization of this project and the successful delivery. Significant municipal input from citizens, residents and the city has helped create a vital partnership. This collaboration is really what brought Motiva to life.
Motiva marks the third successful lease in the Washington DC metro area for NRP Group’s Mid-Atlantic office and the second Prince George’s County project for NRP Group and Willton Investment Management. The community is already over 80% rented and property managers are actively submitting applications to fill the remaining residences.
Located 14 miles northeast of Washington DC, the town of Greenbelt is increasingly attractive to people who work at the nearby University of Maryland, adjacent Capital Office Park, adjacent US District Court, and business hubs. employment in Silver Spring and New Carrollton. Motiva residents benefit from the community’s proximity to the Greenbelt subway station and the new Purple Line, which connects Prince George’s County to Montgomery County and Bethesda. Additionally, Greenbelt Metro is located directly off the Capital Beltway. Residents can also take advantage of a bike share program for convenient transportation.
“Motiva has experienced rapid rental due to demand for high-quality, walkable, transit-oriented communities in the Washington D.C. metro area,” said Josh Wooldridge, senior vice president of development at The NRP Group. . “Top-of-the-line amenities paired with easy transportation options make Motiva ideal for working professionals.”
Designed to meet local needs for upscale rental options, Motiva offers four floors of upscale studio, one-, two-, and three-bedroom pet-friendly apartments, with amenities including a pool-style complex, two state-of-the-art fitness centers, business center, dog park and pet spa, community clubhouse, and self-contained garage parking.
“Thinking back to when the Greenbelt City was first planned, the concept was all about place-making and the idea of having people living near access to where they work, to nearby leisure facilities and schools. That’s something this apartment community really reflects,” said Emmett V. Jordan, Mayor of Greenbelt. “NRP Group has the same heritage of place-making and community-building, and the spaces and amenities here embody the same values that were important to the city’s founders.”
Eagle Bank financed the construction of Motiva.
About the PNR Group
NRP Group is a vertically integrated developer, owner, builder and manager of premier multi-family housing. Since its creation in 1994, NRP has delivered more than 35,000 apartments and currently manages more than 20,000 residential units. The company uses the full extent of its in-house capabilities to fulfill its mission: to create exceptional rental housing opportunities for individuals and families, regardless of income.
Through its disciplined approach to opportunity verification, NRP has established a track record of impressive returns for investors. The company’s size and wealth of talent provide the experience and infrastructure to execute developments of varying degrees of complexity and scope in urban and suburban areas, including market-priced, affordable and for the elderly. As a three-time recipient of the National Association of Builders Multifamily Development Firm of the Year and recognized as one of the Top 25 Developers by Multifamily Executive, NRP leverages its decades of practice by also providing construction and property management services to external owners and developers. For more information, visit www.nrpgroup.com.
About Willton Investment Management
Willton Investment Management is a New York-based real estate office focused on multifamily investing across the United States. The company focuses on joint ventures with high caliber sponsors who have a proven track record of success. For media inquiries or to learn more about Willton Investment Group, please visit www.willtongroup.com.
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Antenna | The spaces
KEYWORD: MARYLAND UNITED STATES NORTH AMERICA
SECTOR KEYWORD: INTERIOR DESIGN OTHER CONSTRUCTION & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & REAL ESTATE URBAN PLANNING SIR
SOURCE: The PNR Group
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PUBLISHED: 09/15/2022 15:19 / DISK: 09/15/2022 15:19