In 2010, Somerset Development Company and THC Affordable Housing, Inc. (THCAH) formed a joint-venture to acquire and renovate Fort Stevens Place Apartments located at 6000-6030 13th Place, NW, in Washington, DC, in Ward 4, adjacent to the historic Fort Stevens Park. EVI provided equity for the renovation of the property, which was completed in 2011.
Built in 1939, Fort Stevens Place Apartments was designed by George Santmyers, one of the most well-known architects in Washington, DC. Renamed Fort View Apartments, the buildings were included on the National Register of Historic Places. Before renovations, this 62-unit property was vacant and suffered from deferred maintenance and environmental hazards. Now restored to its historic quality, the property has been preserved as affordable housing.