Priderock Capital Partners LLC and DLJ Real Estate Capital Partners broke ground on apartments at 8021 Georgia Avenue, a nine-story complex that will offer 210 units and two levels of underground parking. The complex will be comprised of two older buildings already on the property and a new one that broke ground on the 1.88 acre site last week. Read Article

The condition of the condominium market in many parts of the country has got developers and investors thinking up ways to convert projects into rentals. But it isn't easy. First, developers tend to spend more on condos than rental buildings. The income streams from rentals often aren't high enough to justify the cost of fixtures, materials and finishes. Also, it is tricky to convert a condo development into rentals once sales have taken place. What do you do about the people who have bought already? Read Article