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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MIAMI, FL – Monument Capital Management, an A-Rod CORP company and one of the country s premier fully integrated real estate investment firms, announced the $19.7 million acquisition of White Pines Apartments, a 123-unit community in Shakopee, Minnesota and the $15.3 million acquisition Margate on Cone, a 233-unit community in Greensboro, North Carolina.
The acquisitions mark Monument s entry into Greensboro and their general expansion in Minnesota. Both properties will be added to Monument Opportunity Fund IV and will serve as the Fund s debut in the Midwestern state.
Ted Bickel of Colliers International represented Abacus Capital Group in the sale of White Pines, with Watson Bryant and Paul Marley of Cushman & Wakefield representing Cedar Grove Capital in the sale of Margate on Cone.
Each of these markets showed clear opportunities that easily fit into our investment strategy for MOF IV, said Stuart Zook, Principal and CIO of Monument Capital Management. The continued development of the Greensboro MSA and the exceptional employer base of Shakopee provides a vision of growth that will continue exceptional returns within our portfolio.
Each property will benefit from an extensive value-add program that includes upgrades to interior and exterior amenities.
Built in 1999, White Pines is located at 1321-1364 Eagle Creek Blvd. One-, two- and three-bedroom units include walk-in closets, vinyl flooring and dishwasher. Community amenities include a laundry facility, fitness center, Amazon Hub lockers and patio areas with gas grills.
Built in 1970, Margate on Cone is situated at 900 E Cone Boulevard. Two- and three-bedroom units include vinyl flooring, walk-in closets, pantry, pendant lights and patio/balcony. Community amenities feature a swimming pool, playground and clubhouse.

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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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