For Immediate Release
March 18, 2025 – Washington, DC – Greysteel, a leading commercial real estate investment sales, debt and structured finance advisory firm, announced today that it has completed the sale of Mary Hardesty House, a 60-unit senior community located at 218 Mosby Boulevard in Berryville, Virginia. The property was developed using Low-Income Housing Tax Credit (LIHTC) financing and is encumbered by a long-term use agreement to remain affordable housing. The property was acquired by Community Housing Partners for $5.85 million.
Fletcher Hultman, Justin Mazzamaro, and Henry Mathies of Greysteel’s National Affordable Housing practice group exclusively represented the seller, The Wentwood Companies.
“We received strong investor interest in this property because it didn’t have any major deferred maintenance or operational challenges,” said Fletcher Hultman, Director of Mid-Atlantic Affordable Housing Sales at Greysteel. “This acquisition allows Community Housing Partners to achieve operational scale in this market as they also own a nearby property. Additionally, Mary Hardesty House is well aligned with their overall mission of providing quality affordable housing to lower-income people.”
Mary Hardesty House is ideally located in the northern Virginia town of Berryville, approximately 65 miles northwest of Washington, DC. The property features two-bedroom, two-bathroom units and offers a wide range of community amenities, including a game room, social gathering areas, fitness facility, outdoor patio and grill, on-site salon, elevators, and access to public transit.
About Greysteel
Greysteel is a leading commercial real estate investment sales, debt and structured finance advisory firm. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of middle-market and institutional real estate assets. Our platform optimizes options for our clients by providing end-to-end investment services from research and investment planning to sales and financing. Strategically located across offices nationwide, Greysteel has established broad market coverage from coast to coast. For more information, please visit
www.greysteel.com.
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