After an Arlandria apartment complex has been owned by the same family for more than 70 years, the owner has sold the property and retired.
Joann Poladian Belknap recently sold the 213-unit, three-building Glebe House Apartments complex at 25 W. Glebe Road to Maryland-based Rock Creek Property Group for $29.5 million. After managing the 2.5-acre property for nearly 40 years with her Potomac Management Company, Belknap has officially retired and moved to Myrtle Beach, S.C.
“Glebe House was not just a family-owned business, it was a family,” Belknap told ALXnow. “It means everything, it’s my entire life … The maintenance engineer who I ended up marrying [Greg Belknap] worked there for 19 years. The resident manager, who I worked with for 38 years, happens to be my mother-in-law.”…