Zak Klinvex

  • Multifamily Executive

    Lesson 2: Location Pays for Renovation

    Post Brothers is spending more than $1 million per unit to turn a weathered, concrete office building into luxurious apartments in the nation’s capital.

    2 MIN READ
    Universal Plaza in Washington, D.C., was about 35% occupied when Post Brothers paid $228 million for the 1960s office complex—that’s less than half of the normal cost.