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Clark Realty Donates Surplus Tubs from 3883 Connecticut Avenue to The Loading Dock

June 14, 2002

WASHINGTON — Clark Realty Capital*, Bethesda, Md., donated 146 tubs to The Loading Dock, a nonprofit building materials reuse center located in Baltimore, Md. Clark Realty Builders** Superintendent John Aldridge suggested salvaging the unused cast iron enameled tubs after the decision was made to order larger tubs for the luxury homes at 3883 Connecticut Avenue.

Clark Realty Donates Surplus Tubs from 3883 Connecticut Avenue to The Loading Dock Press Release Image

3883 Connecticut Avenue

"I thought it would be a better service to give the tubs to somebody who could use them," said Aldridge. "I could not bear to see the tubs thrown away."

Nonprofit organizations such as Habitat for Humanity and low- to moderate-income families will be able to purchase the tubs from The Loading Dock for a minimal handling fee. In its 15-year history, The Loading Dock has recycled 33,000 tons of building materials.

3883 Connecticut Avenue will offer 157 rental homes with state-of-the-art amenities in the upper northwest section of Washington, D.C., in the desirable Cleveland Park neighborhood. Clark Realty Capital is the owner and developer, Clark Realty Builders is the general contractor, and Clark Realty Management*** is the property manager.

New residents will choose from a selection of nine different floor plans, ranging from simple studio apartments to spacious two bedroom/two bath models with dens. Prices start from $1,250 for studios and from $3,780 for two-bedroom apartments with dens. Pre-leasing began this spring and construction is scheduled for final completion in the summer of 2002.

Designed by the Weihe Design Group, Washington, D.C., 3883 Connecticut Avenue will feature an attractive brick exterior accented with zinc panels. Luxury amenities will include a rooftop pool, a fully equipped fitness center, a business center, and a central party/multipurpose room. The tower will also feature a grand lobby with seating areas, a 24-hour doorman, and concierge service. Parking will be provided in a three-level underground garage.

3883 Connecticut Avenue was designed to offer first class living in every home. The apartments will be pre-wired for high-speed Internet access in each kitchen, living room, bedroom, and den, and they will also offer multiple phone lines and cable television jacks. Every new residence will offer luxury interior finishes, with the top two levels featuring ultra luxury penthouse-style details. Interior amenities include full-size washers/dryers, dishwashers, granite kitchen countertops, ceramic tile entry foyers, and optional soaker tubs.

Located just north of Cleveland Park's business district and the National Zoological Park, 3883 Connecticut Avenue is only three blocks from both the Van Ness and Cleveland Park Metro stations. The new tower is set back from the bustle of Connecticut Avenue on a peaceful one-acre site bordering Rock Creek Park, providing beautiful views of the park throughout the seasons. The development is also convenient to casual and fine dining, retail services, and a variety of employment centers. Nearby colleges include the University of the District of Columbia and American University.

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* Clark Realty Capital, L.L.C. (CRC) offers a full spectrum of services to the real estate industry including capital markets, investment, development, construction, and property management.

** Clark Realty Builders, L.L.C. (CRB) is a national, multifamily general contractor recently ranked as the sixth largest such firm in the U.S. by Builder magazine.

*** Clark Realty Management, L.L.C. (CRM) is a property management company dedicated to serving owners and residents with state-of-the-art management services using the latest technologies available. CRM is a full-service firm providing value-added services from the conceptual design phase through marketing, lease-up, maintenance, and asset management.

More information about the Clark Realty organization can be found on the Internet at www.clarkrealty.com.