- Comstock acquired The Reed, a 417-unit Class A multifamily property in Rockville, Maryland, through a joint venture with a Benefit Street Partners-advised institutional fund.
- Comstock affiliate Comstock Partners co-invested in the joint venture, and Comstock subsidiaries CHCI Residential Management and ParkX Management will provide property management services.
- The Reed was built in 2015 and is located adjacent to the Shady Grove Metro Station.
- NewPoint Real Estate Capital arranged Freddie Mac financing and the equity component for the transaction.
- The acquisition brings Comstock’s Rockville holdings to more than 900 apartment units across three transit-oriented multifamily properties.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Comstock Holding Companies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260323668905) on March 23, 2026, and is solely responsible for the information contained therein.