Arlington, Virginia
Arlington Oaks
327-unit Arlington conversion
Explore the projectRequest your free feasibility study- Location
- Arlington, Virginia
- Units
- 327
- Year converted
- 1997
The challenge
The large cooperative had stagnant market values.
Investor ownership exceeded 70 percent before conversion.
The 1950s-era property had substantial deferred maintenance and capital replacement needs.
The outcome
Unit prices increased substantially after conversion and continued to outperform general market rates.
Investor ownership fell below 50 percent soon after conversion.
The condominium association used stronger reserves to bridge conversion costs for participants while continuing capital projects.
Historical project figures
Conversion completed in 1997.
These historical figures describe this project. They are not current appraisals or a prediction for another building.
- Funding arranged
- $25,000,000
In Arlington
Arlington Oaks4490 N Pershing Dr, Arlington, VA 22203Open the building in Google Maps (opens a new tab)
What would conversion mean for your building?
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