This Class-B+ residential asset totaling 326 units was purchased at a discount to replacement cost. In the heart of the I-270 corridor, this is the biotechnology epicenter of the Mid-Atlantic region: home to the National Institutes of Standards and Technology, the National Institutes of Health and the Department of Energy. Alongside refreshing and enhancing the amenity areas, PRP will implement a strategic reduction of operating expenses. PRP is in the process of renovating units, which will result in a significant increase in rent prices. The Park at Kingsview Village offers 41 MPDU units, whose rents are $200 below unrenovated market rate units; these rates will expire in November 2020, enabling rent prices to be brought to market.