Sentinel Real Estate has recently acquired The Perry, a luxury multifamily community located at 12430 Park Potomac Avenue in Potomac, Maryland, approximately 10 miles northwest of Downtown Washington, DC.
In addition to premium interior finishes and amenities, The Perry features attractive and engaging outdoor amenities including a Zen garden
Completed in 2016, The Perry comprises two five-story buildings totaling 297 residential units, along with 8,610 square feet of ground-floor retail space. The community offers a mix of one-, two- and three-bedroom residences featuring modern design elements such as granite countertops, designer cabinetry, hardwood-style flooring, stainless steel appliances and open-concept layouts. Additional in-home features include Nest thermostats, expansive windows, USB outlets, full-sized washers and dryers and private balconies in select residences.
The property is complemented by a comprehensive suite of indoor and outdoor amenities designed to support a contemporary lifestyle. Residents have access to a luxury swimming pool with an expansive sun deck, outdoor dining and grilling areas, a clubroom with catering kitchen, a fully equipped fitness center, a Zen garden and multiple co-working and gathering spaces including a private conference room, a business center and an entertainment lounge. The community also includes a fenced dog park and a dog grooming spa.
“The Perry represents a compelling opportunity to invest in a well-located residential community within one of the most desirable submarkets in the country,” said George Tietjen, Managing Director of Sentinel. “Its combination of modern construction, thoughtfully curated amenities and proximity to key employment and academic centers contributes to an appealing offering for residents seeking a high-quality living experience. The asset is also positioned within a market characterized by strong fundamentals, including limited new supply and sustained demand for high-quality rental housing.”
Situated within walking distance of neighborhood conveniences including a Harris Teeter grocery store and local dining options, The Perry benefits from immediate access to major transportation corridors such as I-270, I-495 (the Capital Beltway) and River Road. The location provides connectivity to leading employment hubs across the Greater Washington, DC region, including Bethesda, Tysons Corner, Rockville and Downtown Washington, DC. The surrounding area is home to a diverse range of employers, including those in the biotechnology, government, healthcare, financial services, research and technology sectors.
Potomac, Maryland is widely recognized for its strong residential appeal, supported by a highly educated population, top-performing schools and access to upscale shopping, dining and wellness destinations such as Bethesda Row and Park Potomac. These attributes contribute to the area’s continued attractiveness as a residential destination within the broader Washington, DC metropolitan region.
The acquisition was covered by multiple media sources:
Bisnow – Jemal Equities’ $93M Navy Yard Buy: The D.C. Deal Sheet
Real Estate NJ
Connect CRE – Sentinel Real Estate Acquires Luxury Apartment Community in Potomac
REBusiness Online – Sentinel Acquires 297-Unit Luxury Apartment Community Near D.C.
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