Comstock acquires The Upton in Rockville, MD; $500K acquisition fee received

Comstock Holding Companies, Inc.

CHCI invested up to $2.1M in joint venture with CEO-affiliated entity to acquire 263-unit luxury apartment building.
Received $500K acquisition fee; will earn market-rate management fees from subsidiaries.
Property rebranded as BLVD Forty Four; located near Rockville Metro in I-270 corridor.
Acquisition adds to nearly $400M total acquisition volume since 2019.

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