For Immediate Release
August 7, 2020
Purchase Increases Firm’s AUM to $20 Million
Baltimore, MD — August 7, 2020 — Xsite Capital Investment, LLC, is proud to announce their newest multifamily property acquisition, The Griffin at Petworth Metro.
“This is an exciting time for Xsite Capital, we’re really growing and bringing incredible value to our investors,” said Leslie Awasom, Partner and Director of Operations at Xsite Capital Investment.
The Griffin at Petworth Metro is in the heart of Washington, D.C., and is a Class A condo-conversion property. It’s location near lucrative retail, the $1 Billion Walter Reed redevelopment, and Amazon’s soon to open HQ2 means this high-value property is set to increase in value. “This is a beautiful property in a busy hub of the city,” says [Dr.] Julius Oni, Partner and Director of Investor Relations at Xsite Capital Investment. “This makes it a more than suitable addition to our portfolio, and our investors will really benefit.”
Founded in 2019, Xsite Capital Investment LLC is a black-owned investment firm that exists to provide their community with opportunities to invest in multifamily properties in the Washington, D.C., Raleigh/Durham and Charlotte, North Carolina areas. The founders provide a wide variety of ways to educate their community of investors on matters pertaining to real estate and multifamily investing.
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