SILVER SPRING, MD – DF Ventures, a division of Drucker + Falk, one of the best-known multi-family management companies in the country, acquired The Point at the Hampton Hollow Apartments in Silver Spring, MD in November 2020 for $ 49.5 million.
Built in 1987, The Point at Hampton Hollow is a garden-style shared apartment offering a mix of apartment types with open floor plans, a fitness center, pool, lounge with free WiFi, a picnic area, dog park, hiking trails, and a business center. The property's strategic location and access to I-95 and the Intercounty Connector (ICC) provides convenient access to workplaces, schools and entertainment centers throughout the Washington and Baltimore area.
DF Ventures has an ambitious value creation strategy for The Point at Hampton Hollow, including renaming the community The Crest on Hampton Hollow, updating the clubhouse, enhancing the curb appeal and completing apartment renovations to modernize the community. Drucker + Falk, one of the most respected real estate management companies in the country, which has been named one of the “best employers for apartment buildings” for three years in a row, is also planning to introduce professional management practices and a more targeted marketing approach.
"The acquisition of The Point, Hampton Hollow provides an opportunity to acquire quality value in a strong marketplace and increase revenue stream and value through strategic capital improvements and quality property management," said Eric Skow, director of acquisitions, DF Ventures.
Source: Drucker + Falk