Over the past 12 months, Mavik has reviewed close to 30 office-to-residential conversions throughout the country

https://www.linkedin.com/posts/mavik-capital-management_washington-dcs-stockpile-of-old-offices-activity-7414358870594359296-DYrj

Over the past 12 months, Mavik has reviewed close to 30 office-to-residential conversions throughout the country – and chose only one, The Geneva, a landmark office-to-residential transformation in Washington, D.C. This is the largest office-to-residential project outside of New York City. Mavik provided a $110 million mortgage alongside of the largest C-PACE loan closed to date.

This is the type of deal where Mavik thrives. Unrestricted by artificial boxes that confine our investment strategy, we can take a holistic approach to investing throughout the capital structure and across securities, crafting structures and solutions.

Thanks to our partners in the transaction, Post Brothers and Nuveen, a TIAA company.

https://www.wsj.com/real-estate/commercial/dc-real-estate-office-housing-conversion-69d5b257