McWilliams|Ballard Completes Sales and Marketing of Capitol Hill Tower in Washington, DC

WASHINGTON, DC--(Marketwire - Oct 2, 2012) - McWilliams|Ballard announced today that it has completed sales and settlements for Capitol Hill Tower, a 344 residential co-operative community located in the Navy Yard/Ballpark neighborhood of Washington, DC. Developed by The ValHal Group, a New York based real estate development company, Capitol Hill Tower was the first large-scale multi-family community to be delivered in the emerging Navy Yard and Ballpark neighborhoods of the city.

Capitol Hill Tower, originally planned and financed as an apartment community with a Government backed HUD loan, was converted to a co-operative ownership model while under construction due to strong demand for for-sale housing in the mid 2000s. Despite the later downturn in the nation's economy and the slow-down in the housing market, Capitol Hill Tower continued to sell well due to its attractive price points, premium finishes and prime location in the heart of one of DC's newest emerging neighborhoods. Located just blocks from the Washington Nationals Stadium, the Department of Transportation's main headquarters and Downtown DC, Capitol Hill Tower attracted those buyers looking for attractive price points and quality housing in what is quickly becoming one of the trendiest neighborhoods in the city.

"Due to HUD loan financing, the for-sale exit strategy for Capitol Hill Tower as well as other communities that we represent is a for-sale cooperative model," says Ross McWilliams, Principal at McWilliams|Ballard. "With McWilliams|Ballard's progressive approach to new home sales, we are experienced in selling various models of homeownership including a for-sale cooperative model such as Capitol Hill Tower."

About McWilliams|Ballard
McWilliams|Ballard, based in Alexandria, Virginia, is a sales and marketing firm specializing in the sales and marketing of condominiums and townhomes. While based in the Washington DC Metropolitan Area, McWilliams|Ballard has clients nationwide, creating partnerships with developers and builders to provide sales and marketing solutions from project inception to the final closed sale. In addition to start-to-finish sales and marketing, the firm also provides consultation and market research used by some of the largest development firms in the country. Founded in 1996, the firm's expertise now spans more than ten states nationwide including Virginia, Maryland, Connecticut, Florida and the District of Columbia. As one of the most successful project development real estate and marketing firms in the country, McWilliams|Ballard has sold and settled over 22,000 homes worth over $8.4billion; more than any other firm in the Mid-Atlantic Region, and is consistently ranked in the top 5 of national firms with a focus on for sale multi-family product.