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November 24, 2006 For More Information:
Joy Lutes 877.846.7760
Clark Realty Management Wins Delta Associates Award for The Clarendon


Clark Realty Management Wins Delta Associates Award for The Clarendon
Washington, DC — Delta Associates recently honored Clark Realty Management with its Award for Excellence for The Clarendon, a high-rise apartment building in Arlington, Virginia. This project received the award for Best Lease-Up Pace for a Northern Virginia Mid-Rise or High-Rise Apartment Community. For ten years, this award has recognized outstanding multifamily design, development, building, and management in the Washington Metropolitan Area.

"The Clarendon's win for Best Lease-Up Pace for a Northern Virginia Mid-Rise or High-Rise Apartment Community highlights its attractiveness to today's renter," said Grant Montgomery, vice president of consulting for Delta Associates. "Given the torrid pace of the Washington region's apartment market, a win in this category is a particular honor and indicative of a superior project."

Designed to add to the urban landscape of the community without overwhelming the single-family homes behind it, The Clarendon features a three-story archway with a street running through it, as well as a mid-rise section to ease the transition between four-story townhomes and the twelve-story high-rise section. The project achieved great success, achieving not only community support, but also a strong market demand.

"We are honored to accept this award for The Clarendon," said Bruce Warren, development executive. "Recognition from an organization as prestigious as Delta Associates is a strong testament to the quality of service we are providing to our customers."

Clark Realty Management received the award on Thursday, October 5, 2006 at the headquarters of the National Association of Homebuilders in Washington, DC. This achievement marks the second time Clark Realty has received a Delta Associates Award. In 2003, Clark Realty Capital won for its successful development and lease-up of The St. James, a 40-story luxury apartment tower in Philadelphia.

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About Clark Realty Management

Clark Realty Management, a division of Clark Realty, delivers superior resident services while preserving and enhancing the value of the real estate asset. CRM's mission is to ensure the best living experience for every individual by providing convenience, customer service, and a sense of community at each of our properties. Clark Realty began self-management of its own apartment and commercial properties in 2001.

About Delta Associates

Delta Associates aims to be the foremost provider of intellectual services to real estate agencies. The company, which has been in existence for over 25 years, provides real estate research, advisory, and valuation services to all types of clients throughout the United States.