Comstock Holding Cos. Acquires Class A Transit-Oriented Community in Rockville for 112 Million Dollars

Comstock Holding Cos. expands its Rockville portfolio to 900 units with the strategic acquisition of The Reed, a transit-oriented Class A community near Shady Grove Metro.

By: AXL Media

Published: Mar 27, 2026, 11:35 AM EDT

Source: https://www.multihousingnews.com/

Acquisition Financing and Deal Structure

The purchase was executed through an approximately $112.3 million agreement originally entered into in late 2025. To finance the transaction, Comstock secured a Freddie Mac loan arranged by NewPoint Real Estate Capital. This new debt structure replaces a legacy $72 million Fannie Mae loan from 2016 that had previously retired the property's original construction financing.

Prime Connectivity and Modern Amenities

Built in 2015, The Reed is a "commuter-first" development located at 15955 Frederick Road. Its primary competitive advantage is its immediate proximity to the Shady Grove Metro Station, the northern terminus of the Washington Metro's Red Line.

Unit Features: One- to three-bedroom layouts featuring stainless steel appliances, hardwood flooring, and in-unit laundry.

Community Highlights: A resort-style swimming pool, a comprehensive fitness center including yoga and boxing studios, coworking spaces, and a parking garage.