EGBN - Mergers and acquisitions

BETHESDA, Md., Nov. 30, 2022 (GLOBE NEWSWIRE) -- EagleBank, one of the largest community banks in the Washington, D.C. area, today announced it has provided $50,400,000 in acquisition and renovation financing to Insight Property Group and AHC Inc. for a 259-unit "affordable rent" multifamily property, Haven Reston, formerly known as Colvin Woods Apartments, located in Reston, VA. Built in 1979-1980 as a garden style complex, the property is located on a 21+ acre parcel and includes seven three-story garden-style apartment buildings, a management/leasing building, and common amenity spaces. 158 units were renovated in 2010, and six units were recently renovated in 2021-2022. Every unit at

WASHINGTON, June 16, 2021 (GLOBE NEWSWIRE) -- Felice Development Group (FDG) and Fields-Grade Development partnered to acquire 2.9 acres of land on the Anacostia Riverfront after securing PUD approval. FDG plans to develop a large-scale, mixed-use project with 900 multifamily units, outdoor/rooftop amenities, 45,000 square feet of retail, and green space. The 1333 M Street development, along with the https://bbardc.org/the-park/, will create another dynamic destination in the Capitol Riverfront. EagleBank provided acquisition financing to fund a significant portion of the project's purchase price. The transaction was facilitated by senior vice president and relationship manager Tim Annett