Built in 2019, Jamison at Dakota Crossing, is a 236-unit three-year-old Class A apartment community in Northeast DC. The property currently offers both market-rate and affordable housing and presents a unique opportunity for Jair Lynch and Nuveen to preserve affordability in the area while operating at Class A standards. It was also the first acquisition in the District for Jair Lynch and Nuveen together after acquiring five other assets throughout the DMV with a total value of $425 million.
The property sits atop 4.2 acres of land in the larger Fort Lincoln neighborhood, owned for generations by the Hagans family, along a major commuter corridor with strong adjacent retail and dining options, including Costco and Lowes. Jair Lynch and Nuveen intend to introduce a new property management company, Winn Residential, and enhance the dynamic mixed income nature of the property by continuing to offer market-rate apartment homes alongside those for housing Choice Voucher Program and Inclusionary Zoning residents.