DARO MANAGEMENT ADDS THE VINTAGE ON 16TH TO ITS PORTFOLIO

Brings Total Buildings Under Management to 10 with Over 800 Luxury Apartments

Washington, DC– March 14, 2018 – Daro Management Services, LLC has been selected to manage and oversee The Vintage on 16th and its 85 luxury apartment homes, bringing the total buildings Daro manages to ten and total apartment units to 800. The Vintage is Valor Development’s newest multifamily community located at 3146 16th Street NW conveniently located in the heart of Mount Pleasant, just 2 blocks from the DC USA shopping center and the Columbia Heights Metro in North West Washington, DC.

, DARO MANAGEMENT ADDS THE VINTAGE ON 16TH TO ITS PORTFOLIO

The Vintage combines the luxury feel of a boutique hotel with the well thought out amenities of a large scale community. The community is an adaptive re-use and addition to the Meridian Hill Baptist Church which was constructed in 1916 and decommissioned in 2008 after extensive fire damage. The building’s original façade remains intact and was carefully restored alongside an 8-story addition.

The property is in high demand by residents for its convenient location, its meticulously designed and high end apartment features, sophisticated common areas, and first-class amenities which include a large roof-top deck with grills, a fire table, outdoor television, dog run, a 24-hour gym, an E-Bar with complimentary Wi-Fi, Uber Lounge, Media Room, pet grooming center, car drop off lane and complementary bike room featuring a repair station and private lockers among others sought after amenities.

Carissa Barry, President of Daro, noted, “We are delighted to add The Vintage to our portfolio. We have a passion for managing landmark renovations and luxury multifamily buildings in DC, and The Vintage fits ideally within this vision.”

About Daro Realty LLC

Daro was founded in 1935 by Dunbar A. Rosenthal. The 83-year-old company employs 50 professionals across ten revitalized historic properties and is known as a top owner-managed firm in the Metropolitan DC area. In 2013, Daro began operating under new management with an infusion of capital into the portfolio and a focus on strong customer service. Daro is proud to offer its tenants the charm and grandeur of DC’s historic properties alongside the comfort of modern amenities and class-A service. The Daro Property Management team is particularly proud of its sustainability program, aimed at preserving and rehabilitating historic properties so that they operate with the highest efficiency and least environmental footprint possible.

About Valor Development

Valor Development is a mixed-use and multifamily development company. Based in Washington, DC, Valor focuses on unique project profiles in the most exciting and dynamic areas of the city. The Valor team has a vision for the ever-changing urban landscape that transforms creative thinking and architecture into thriving communities. Our work showcases the entrepreneurial spirit of our team and the many different ways to create inspired living spaces.