Gary Nordheimer Consults on Purchase of Apartment Property in Petworth Neighborhood of Washington, D.C.

Nordheimer Company Acquire 23-Unit Petworth Plaza Apartment Building

January 11, 2013 – WASHINGTON, DC –Washington, DC-based real estate developer and investor, Gary Nordheimer, has consulted and advised Nordheimer Company partners Brad and Rod Nordheimer and Bill Walde on the purchase of an apartment building in the Petworth Neighborhood of the nation's capital.

The 23-unit apartment building, to be named Petworth Plaza, is located at 3921 Kansas Avenue, NW, and is within walking distance of the Georgia Avenue/Petworth Metro subway station and area shopping. The Nordheimer Company was able to accommodate the seller's need to close the transaction in 2012 before the capital gains tax increase. Nordheimer and associates have also committed to improve the property with additional security, new windows and electrical upgrades.

"Our goal is to be the "go-to" developer for D.C. tenant associations," says Gary Nordheimer. "Brad and Rod have been instrumental in building relationships and sharing our vision. We are committed long-term owners and creating a fantastic living environment is a top priority."

More About Gary Nordheimer

Gary Nordheimer is a real estate developer and investor with portfolio properties along the East Coast, and an entrepreneur focused on providing counsel and investment in early-stage companies in a variety of industries, including hospitality, biotech, energy and technology. Among his investment and redevelopment projects are the Georgetown Inn and Apolline Condominiums, in Washington, DC, several buildings in New York's Financial District and a historic multifamily property in Richmond. Nordheimer is also president of Teleconferencing Services, LLC, an online resource for audio, video and Web conferencing services owned by sons Brad and Rod Nordheimer and partners. Since 1998, Teleconferencing Services has provided best of class audio, video and web conferencing services to businesses around the world. TSI is a recognized leader in teleconferencing support primarily for the law firm and financial industries due to its superior customer service and customized solutions.

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