300 M Street: Distressed Acquisition on Capitol Riverfront (Navy Yard), Washington, DC

Washington, DC’s office market is experiencing significant distress, creating opportunities for disciplined investors to acquire institutional-quality assets at a fraction of replacement cost. Concurrently, the U.S. government’s multibillion-dollar commitment to modernizing the Navy is driving durable demand for office space adjacent to the Washington Navy Yard, ensuring long-term tenant stability in this unique submarket.

Broad Creek Capital, in partnership with Garfield Investments, acquired 300 M Street SE through a lender-facilitated short sale at a 75% discount to assessed value. The partnership combines Broad Creek’s capital and investment platform with Garfield’s decades of local market expertise in Washington, DC, enabling us to secure and reposition one of the most strategically located assets adjacent to the Navy Yard.

This deal exemplifies Broad Creek’s ability to convert market dislocation into opportunity, securing resilient income streams backed by federal spending while positioning the asset for long-term appreciation.