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Clark Realty Management Wins AOBA Apartment Community Excellence Award for 3883 Connecticut Avenue

November 24, 2003

Bethesda, Md. — Clark Realty Management (CRM)* was recently honored with a 2003 Crystal Apartment Community Excellence Award for its Washington, D.C. luxury high-rise, 3883 Connecticut Avenue. The awards are presented by AOBA, the Apartment and Office Building Association, which is the leading membership organization representing commercial and multifamily residential real estate in the Washington Metropolitan Area. The special recognition award was presented to CRM as part of its 2003 AACE Awards Evening and Casino Night in Washington, D.C.

Clark Realty Management Wins AOBA Apartment Community Excellence Award for 3883 Connecticut Avenue Press Release Image

3883 Connecticut Avenue

According to AOBA, the awards are presented as "an acknowledgement of excellence within the apartment industry in metropolitan Washington. The award-winning communities demonstrate the physical qualities, marketing achievements, and management caliber necessary to be called one of the best in metropolitan Washington."

Set back from the bustling city street, 3883 Connecticut Avenue offers residents peaceful and private living in every home with its contemporary decor, spacious rooms, and breathtaking views through the treetops of Rock Creek Park.

New York based ShoP Architects designed the interior of the building with a fresh take on the use of classic materials - such as warm brick, stone, Venetian plaster and hardwood flooring - through their juxtaposition of these materials with large expanses of clear and etched glass, tinted polished concrete, minimalist detailing and open floor plans with contemporary, luxurious furnishings.

Luxury amenities include a rooftop pool, a 24-hour fully equipped fitness center, a 24-hour business center, and a central party/multi-purpose room. The apartment community also features a grand lobby with seating areas and a 24-hour doorman. Parking is provided in a three-level underground garage.

Contemporary apartments are pre-wired for high-speed Internet access in each kitchen, living room, bedroom, and den, and for multiple phone lines and cable television connections. New residents choose from a selection of 28 different floor plans, ranging from spacious two bedroom/two bath models with dens to studio apartments. Every new residence offers 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.

Developed by Clark Realty Capital**, 3883 Connecticut Avenue was constructed by Clark Realty Builders***. Architect Weihe Design Group, Washington, D.C., designed the luxury high-rise. 3883 Connecticut Avenue, a nine-story, 157-unit class A community in Washington, D.C., was completed in 2003.

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* 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.

** 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 third largest such firm in the U.S. by Builder magazine.