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Stock impact report

Comstock Enters into Purchase Agreement for Rockville Multifamily Property

Comstock Holding Companies, Inc. - Class A (CHCI) 
US:NASDAQ Investor Relations: ir.comstockhomes.com
Company Research Source: Business Wire
Transit-oriented, value-add investment property would be first acquisition since pandemic and join Comstock’s BLVD Forty Four and BLVD Ansel along the I-270 corridor RESTON, Va.--(BUSINESS WIRE)--Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock” or the “Company”), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced today that it has entered into a purchase agreement to acquire a 400+ unit multifamily property located in the City of Rockville in Montgomery County, Maryland (the “Purchase Agreement”).The property includes thoughtfully designed apartment residences ranging from one-to-three bedrooms and well-appointed amenities, such as a fully equipped fitness center/yoga studio, multiple indoor and outdoor social gathering spaces, a resort-style pool, and garage parking. It is conveniently situated along Metro’s Red Line and provides easy access to restaurants and retail shopping, as well a Show less Read more
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