Berkadia is pleased to present the opportunity to acquire The Villages at Decoverly (the “Property”), a 564-unit garden-style community spread across 35 acres of meticulously landscaped grounds, connected via shaded walking trails to the vibrant Downtown Crown amenity in Rockville, Maryland. The Property was built in two phases: 368 units across 20 buildings in Phase I, delivered in 1992, and 196 units across 6 buildings in Phase II, delivered in 2006.

The Property is ideally situated just minutes from both Downtown Crown (0.25 miles) and Rio Lakefront (0.6 miles), two of the area’s premier mixed-use destinations featuring over 1 million square feet of retail, dining, and entertainment across more than 115 storefronts. These walkable, amenity-rich environments serve as the social and commercial anchors of the submarket, providing residents with immediate access to a vibrant, lifestyle-driven setting.

The Property presents an attractive value-add opportunity, with approximately 284 unrenovated units that can be upgraded to the current renovation standard to achieve proven rental premiums of $275+. In addition to this upside, The Villages at Decoverly offers residents a comprehensive amenity package, including a resort-style pool, lap pool, fitness centers, tennis and pickleball courts, dog park, several outdoor grilling areas, two playgrounds, and a resident lounge. Unit interiors feature stainless steel appliances, quartz countertops, luxury vinyl plank floors in the kitchen and living area, white cabinetry, and premium kitchen and bathroom finishes, while a MetroBus stop on-site enhances accessibility and convenience.

Located within the I-270 Corridor, one of the nation’s fastest-growing employment hubs and the fourth-largest biotech cluster in the U.S., the Property benefits from over 22 million square feet of office, lab, and flex space, along with proximity to major employers including Adventist HealthCare Shady Grove Medical Center and the University of Maryland Institute for Bioscience and Biotechnology Research. Direct access to I-270, MD-200, and the I-495 Capital Beltway provides seamless connectivity to Bethesda, Washington, and Tysons, positioning the Property within reach of the region’s most prominent employment centers.