SILVER SPRING, MD – DF Ventures, a business unit of Drucker + Falk, one of the nation s most prominent multifamily management companies, bought The Point at Hampton Hollow Apartments in Silver Spring, MD for $49.5MM in November 2020.
A garden style apartment community, built in 1987, The Point at Hampton Hollow features a mix of apartment types with open floor plans, a fitness center, pool, resident lounge with free wi-fi, picnic area, dog park, walking paths, and a business center. The property provides convenient access to employment, schools, and entertainment centers throughout the Washington and Baltimore region due to its strategic location and access to I-95 and the Intercounty Connector (ICC).
DF Ventures has an ambitious value-add strategy for The Point at Hampton Hollow, including rebranding the community to The Crest on Hampton Hollow, updating the clubhouse, enhancing curb appeal, and completing apartment renovations in order to modernize the community. Drucker + Falk, one of the most respected property management companies in the country and designated as one of the Best Places to Work in Multifamily three years in a row, also plans to institute professional management practices and a more targeted approach to marketing.
The acquisition of The Point at Hampton Hollow represents an opportunity to buy a quality asset within a strong market and increase the income stream and value through strategic capital improvements and quality property management, said Eric Skow, Director of Acquisitions for DF Ventures.

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ASHBURN, VA – Bell Partners, one of the nation’s leading apartment investment and management companies, announced that it has bought Westwind Farms, a 464-unit apartment community in Ashburn, Va., on behalf of its Fund VII investors. Westwind Farms will be renamed Bell Ashburn Farms and represents Bell Partners’ 10th owned community in the DMV area following the acquisition of Bell Shady Grove announced last week.
Bell Ashburn Farms is located near the Dulles Technology Corridor and the Silver Line Metrorail, providing access to one of the nation’s leading technology hubs which plays host to over 6,000 companies including Microsoft and Amazon. The community’s location also offers a small commute to Loudoun County and western Fairfax County, which have extensive shopping options. Loudoun County schools consistently rank as some of the best in the country, providing an additional draw for renters.
“Bell Ashburn Farms is a gorgeous, low-density asset with fantastic renovation upside,” said John Blaylock, Senior Vice President of Investments at Bell Partners. “As the technology sector continues to drive growth in the global economy, companies are flocking to technology hubs on the East Coast like the Dulles Technology Corridor, one of the leading employment submarkets in the nation. The highly educated demographics, robust job growth and convenient transportation options give us confidence in the future of the D.C. metro apartment market.”
Each unit at Bell Ashburn Farms has ceiling fans in the master and living rooms, crown molding, soaking tubs, built-in wine storage, full-size washers and dryers, and walk-in closets. Community amenities include a clubhouse with billiards and plasma TVs, a fitness center, a business center with a Wi-Fi lounge, Amazon hub lockers for 24/7 package access, a resort-style pool with a sundeck, a playground, a picnic area with BBQ grills, and a dog park. Bell Partners closely follows guidelines from local, state and federal health authorities regarding the operation and cleanliness of community amenities.

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DENVER, CO – San Diego-based Tower 16 Capital Partners, in partnership with Dune Real Estate Partners, has bought the Fairways at Lowry Apartments, a 450-unit multifamily project in Denver, Colorado. The property was bought from a private seller.
“We’re very excited about the acquisition of Fairways at Lowry. The project represents our first investment in the Denver MSA which we believe is poised for future rent growth due to the strong demand for workforce housing,” said Tower 16 co-founder Tyler Pruett. “We believe the city will continue to see strong job growth and in-migration of people from more expensive coastal markets seeking the high quality of life that Denver offers.”
While the project represents Tower 16’s first investment in Denver, the company has made similar moves into markets such as Las Vegas, Phoenix and the Inland Empire driven by market dynamics that support strong demand for workforce housing. Based on the market fundamentals in Denver, Tower 16 plans to buy a portfolio of 2,000 units in the next 18 months.
Tower 16 partnered with Dune Real Estate Partners in the acquisition of Fairways at Lowry, the first such joint venture between the two firms. “We believe strongly in the workforce housing market in Denver and are excited to partner with Tower 16 on the acquisition of Fairways at Lowry” said Aaron Greeno, partner and Head of West Coast investments for Dune.
Fairways at Lowry is located at 9913 E. 1st Avenue in Aurora, Colorado. The property is just minutes away from the Lowry master-plotted development and all the dining, shopping and recreation amenities the area has to offer. In addition, Fairways is only three miles from Interstate 225 and seven miles from Downtown Denver. The community consists of one & two-bedroom apartments with a large clubhouse, gym, swimming pool and playground. Tower 16 will be overseeing $6.8 million in upgrades and renovations to the property including modernized apartment unit upgrades, a new clubhouse, gym and updated pool area. The company will also be adding outdoor amenities including barbeques, seating, outdoor gaming and a sports court.
Real estate brokers Terrance Hunt and Shane Ozment of Newmark Night Frank represented both the buyer and seller in the transaction. Charlie Williams of Newmark coordinated debt financing for the buyer.

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