Silver Spring Apartment Building Sold For $20 Million

Transwestern Real Estate Services announced its Mid-Atlantic Multifamily Group has brokered the sale of Parkside Terrace, an 87-unit multifamily asset at 502 Easley St. in Silver Spring, Maryland. A partnership led by Enterprise Community Development (ECD), a nonprofit owner and developer of affordable homes, purchased the garden-style community for $20 million, or $229,885 per unit.

Per the press release: “The property has been well managed by long-term owners allowing ECD and its partners to preserve naturally occurring affordability in desirable Montgomery County with a high-quality apartment community,” said Williams, an Executive Vice President at Transwestern. Parkside Terrace features one- and two-bedroom units in a quiet neighborhood east of downtown Silver Spring. The property is situated adjacent to a public park, offering exceptional walkability and convenient access to public transportation and surrounding transportation arteries.

As one of the most active multifamily investment sales groups in the Mid-Atlantic, Transwestern has transacted more than $600 million in 2022, including two other naturally affordable workforce housing communities: Glen Rock Landing in Fort Washington, Maryland and Bedford Station and Victoria Station in Hyattsville, Maryland. “We see a growing trend by organizations to protect market rate affordability in the region,” said Sigmon, an Executive Vice President at Transwestern.

Transwestern’s Mid-Atlantic Multifamily Group provides a full range of investment sales services throughout Maryland, Washington, D.C., Northern Virginia, Richmond, Philadelphia and Delaware. The group’s recent client roster includes Sentinel Real Estate, Federal Capital Partners, Foulger-Pratt with DLJ, Hampshire Properties, Aimco, Avalon Bay, Equity Residential, The Bozzuto Group, Fannie Mae, AIG Investment, Morgan Properties, Goldman Sachs, JP Morgan and Angelo Gordon.

h/t to Source of the Spring for reporting this news on Sunday morning

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Karen joined the Well-Paid Maids team as a cleaner in January 2021, and she was recently promoted to an operations manager! This well-deserved promotion is part of Well-Paid Maids' effort to deliver better customer service with responses to phone calls and emails seven days a week. To celebrate Karen's promotion, we caught up with her to learn more about her time at Well-Paid Maids, the area's only certified living-wage cleaning company.

 1. Why Well-Paid Maids?

Karen: I saw the company was paying a living wage and had great benefits. Also, they were very flexible with my schedule, especially since I have kids.

 2. How has it been working at Well-Paid Maids?

Karen: I feel very appreciated at the company. This is the first job where I feel I'm able to speak about any issue and that management will support me.

 3. How has working at Well-Paid Maids benefitted you?

Karen: Because Well-Paid Maids pays a living wage, I can now spend more time with my kids and not work double shifts like I did at my old job.

 4. How do you plan to spend your PTO this year?

Karen: I look forward to traveling to El Salvador to visit my family there.

 5. How would you describe Well-Paid Maids as an employer in three words?

Appreciated, valued and opportunity

Submit your own Announcement here.

Washington City Paper is hosting its annual Best of D.C. contest -- and Well-Paid Maids is eyeing the Best Maid Service category. If you missed it: Well-Paid Maids has secured first place for the past three years. Can you help us snag gold again? Simply go to the ballot and write in your vote for the best maid service. In case you need a refresher before you vote, Well-Paid Maids is the only certified living-wage cleaning company in the D.C. area. We pay our cleaners, who are W-2 employees, at least $24 an hour and offer benefits like insurance, 24 paid days off per year and more. Voting is open until June 10 at 5 p.m., and the winner will be announced July 18. (We'll keep you posted!) Thank you for your support -- and if you still haven't booked a spring cleaning yet, now is the time!

Submit your own Announcement here.

Movie being filmed in McLean, VA, needs your support

A local community movie is filming in our area in June and needs contributions!

Local actors, teens, teachers, housewives, and retired residences are trying to make this film happen but we need your help.

This is an educational short story about teens learning how to navigate when they don't feel accepted by their friends and what to do to find acceptance. Yet this film isn't just for teens. In your life have you ever felt like you weren't accepted??

Come be a part of the audience for this film! Invite your friends. Be a part of this film being produced right here in our area.

This is a social impact film that will show locally and internationally at film festivals in 2025 and also at colleges.

More information can be found here. DONATE TODAY:

https://www.filmindependent.org/sponsored-projects/ultimate-bias/

https://www.silvanomarifilms.com/jis

This is a not-for-profit film and donations are tax-deductible.

Free Community Father-Daughter Dance

Fathers and father figures, create unforgettable memories with your daughter at our free community father-daughter dance on June 1st, from 6-8 pm. Hosted outdoors at Olney Baptist Church. This event offers a delightful outdoor experience complete with a DJ spinning tunes, interactive games, a charming photo booth, delicious treats, and exciting raffle prizes. Fathers/father figures and daughters of all ages are warmly welcomed to share in this special evening together. Join us for an evening of joy, laughter, and cherished moments!

In the spirit of giving back to our community, we are partnering with Quest to Feed Montgomery to make a meaningful difference in the lives of those in need. We kindly ask each attendee to bring along a non-perishable food item to donate during the event. Every contribution, no matter how small, will go a long way in supporting families facing food insecurity in our area.

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