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Historical Fairmont II Opens

Kettler Melds Quality and Affordability into Columbia Heights Apartments

February 23, 2007

Kettler (formerly KSI Services, Inc.), one of the Washington area’s leaders in diversified real estate development and property management, redefines affordable housing with the official reopening of the historical Fairmont II apartments in Columbia Heights.

“At Kettler, affordable housing is virtually indistinguishable from market rate,” said Robert Kettler, Chairman of Kettler. “We strive to provide affordable homes that residents can take pride in. What we have achieved with Fairmont is melding quality and affordability into the same category.”

Affordable housing has become scarce in the DC Metro area, where many older buildings are being renovated into expensive condominiums. Kettler is providing affordable housing without sacrificing quality and attention to detail. In effect, the company is raising affordable housing to a higher level.

In its position at the 1400 block on Fairmont St. NW, Fairmont II is located within walking distance to the Metro, bus stations, a community park and grocery stores.

The complete renovation of the building includes enhanced safety features, upgraded electrical and mechanical systems, fire sprinklers, controlled access entry and round the clock security personnel. New flooring and appliances complete the brand new look of the apartments. Residents, in addition to newly renovated homes, are afforded a community room and computer center. Three bedroom apartments are also available to the larger families of Fairmont II.

“Kettler’s efforts to continue providing past and future tenants in Fairmont II with affordable housing exemplifies the company’s commitment to the community,” added Kettler. “Efforts such as Fairmont help ensure that citizens in need of affordable housing will not be overlooked.”

Fairmont II is the second of a two building affordable housing renovation project. Kettler began renovations to the first building in January 2004, opening the doors to Fairmont in June 2005. Renovations to Fairmont II began in July 2005. Both buildings have been designated as “Section 8” housing since the 1970s and will remain that way for an additional 14 years under Kettler’s ownership.

In September 2006, Kettler received a $4 million loan from Washington, D.C. Department of Housing and Community Development to complete the renovations at Fairmont II. Kettler also worked with Fairmont’s tenant association and included them as part owner in the apartment’ general partnership.

Kettler is a company with diverse character that represents an equally diverse community; one in which there is a demand for both affordable housing and luxurious homes. What makes Kettler’s work on Fairmont and other affordable housing projects exceptional is that they strive for the same high standard in their affordable communities as in their most luxurious condominium communities.

About Kettler

Based in Northern Virginia, Kettler (formerly KSI) is a leading developer of award-winning, mixed-use residential and commercial properties across the Washington Metropolitan area. In 2006, Kettler was named one of the area’s largest private companies by the Washington Business Journal and is one of the nation’s top 15 multifamily developers. Kettler has developed more than five million square feet of commercial space and more than 50,000 homes. Current projects include urban and transit-oriented developments, multifamily housing, commercial and mixed-use developments and resort communities. Robert C. Kettler, a third-generation builder and developer, founded Kettler in 1977.