EJF Capital Announces Completion of Construction at The Bellevue, a 361-Unit Multifamily Community in Hyattsville, Maryland

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5:00 AM on Tuesday, December 9

The Associated Press

ARLINGTON, Va.--(BUSINESS WIRE)--Dec 9, 2025--

EJF Capital LLC (“EJF Capital” or the “Firm”), a global alternative asset management firm with approximately $5.6 billion of assets under management, today announced the completion of construction at The Bellevue, a 361-unit, multifamily development located in Hyattsville, Maryland. This is the fifth project delivered within EJF’s OpZone Fund II and reflects the Firm’s continued expansion into high-growth, metropolitan Qualified Opportunity Zone (“QOZ”) markets.

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EJF Capital Completes Construction at The Bellevue in Hyattsville, MD

Developed in partnership with The NRP Group, The Bellevue is situated in one of Prince George’s County’s most dynamic residential corridors, a neighborhood propelled by ongoing economic development and expanded access to employment centers throughout the Washington, D.C. metro area. Long-term demand for high-quality housing in Hyattsville results from proximity to the University of Maryland, a vibrant arts district, and dynamic retail and dining options.

The newly delivered community features studio, one-, two-, and three-bedroom apartments along with a comprehensive amenity suite, including a fitness center, clubroom, co-working lounge, landscaped courtyards, and structured parking.

“We are pleased to bring The Bellevue to completion as we invest in high-quality housing within supply-constrained and growing communities,” said Asheel Shah, Senior Managing Director and Head of Real Estate Development at EJF. “Hyattsville’s strong demographic and employment trends make it a highly attractive market, and The Bellevue reflects our commitment to delivering thoughtfully designed multifamily communities with best-in-class partners.”

The Bellevue joins EJF Capital’s growing portfolio of multifamily and industrial developments within QOZs nationwide. Since 2018, EJF has invested in 24 multi-family and commercial developments across the country, including five completed developments in the OpZone Fund II, aligned with the firm’s strategy of develop institutional-quality properties in markets positioned for sustained growth.

About EJF Capital

EJF Capital LLC is a global alternative asset management firm headquartered just outside of Washington, D.C., with an additional office in London. As of September 30, 2025, EJF manages approximately $5.6 billion, including $3.0 billion in CDO assets through affiliates. Since its founding in 2005 by Manny Friedman and Neal Wilson, the firm has focused on investment opportunities driven by regulatory change. EJF’s real estate platform, launched in 2018, focuses on ground up development of multifamily and industrial properties and currently includes over $1.3 billion in active projects. To learn more, please visit http://ejfopzone.com and please read additional Risks and Limitations located here.

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CONTACT: Media Contacts:

Deanna Spaulding/Mark Schueler

Gasthalter & Co.

[email protected]

(212) 257-4170EJF Investor Relations:

[email protected]

www.ejfopzone.com

www.ejfcap.com

(571) 982-7281

KEYWORD: VIRGINIA MARYLAND UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES ASSET MANAGEMENT