PRESS RELEASE
Company Release – 4/13/2023
Bethesda, MD – Couloir Ventures and Boundary Companies announced the start of Sunstone Grove, a 73-unit build-for-rent townhome project located in Waldorf, MD. Sunstone Grove will offer 3 bed / 2.5 bath townhome units and is strategically located on major commuter routes providing access to Washington, D.C. and Northern Virginia. The property is proximate to Waldorf’s retail corridor and public schools. Sunstone Grove will be operated under Couloir’s Front Door Communities brand.
“We are excited to announce our latest project at Sunstone Grove” said Matt McJunkin, Vice President at Couloir Ventures. “Rising home ownership costs have created a challenge for growing families in the DC-metro area and our build-for-rent communities provide an attractive and affordable alternative to traditional rental and ownership options. With townhomes at Sunstone Grove starting at 1,800 square feet, we believe that our product will help to meet the needs of both aspiring homeowners and those who find the flexibility of renting a home attractive.”
Sunstone Grove is Couloir and Boundary’s 4th build-for-rent townhome project bringing the portfolio to 434 units.
About Couloir Ventures
Couloir, and its build-for-rent brand, FrontDoor Communities, has four build-for-rent communities totaling 434 units either in lease-up, under construction or going through entitlements. Couloir was founded by Karen McJunkin, an experienced executive in the residential for-sale and for-rent industry and has over 34 years of experience in all aspects of the mixed-use and residential development process across the DC metro region.
About Boundary Companies
Boundary Companies, founded in 2014, is a privately held real estate investment firm based in Bethesda, Maryland. Boundary focuses on real estate acquisition and development across a wide variety of asset classes with a goal of meeting the highest needs of its stakeholders. Boundary’s portfolio totals over five million square feet and spans a range of core, value-add, and opportunistic investment profiles. To learn more about Boundary Companies, visit https://boundarycompanies.com
Media
Alex Caffrey
Partner
Boundary Companies
(240) 396-1409
acaffrey@boundaryco.com
