SOURCE: Luxe List Home

Luxe List Home

November 09, 2010 09:04 ET

Congressional Election Upsets May Result in Luxury Rental Turn-Over in Nation's Capital

Luxe List Assists New D.C. Residents Locate High End Apartments Based on Independent Consumer Research

WASHINGTON, DC--(Marketwire - November 9, 2010) -  Given the congressional upsets in last week's election, housing turnover in the nation's capital should accelerate as new members of Congress and their top-level staff begin looking for a place to live -- and for many that means a luxury apartment.

Now, for the first time, this biennial surge of luxury apartment seekers in Washington D.C. can speed their search by consulting the 2010 Luxe List, an online residential resource that connects luxury renters with the highest-rated apartment communities in the area. 

Luxe List Home was launched in major markets across the country this year in response to consumer demand for an independent online rating system designed by and for luxury renters, who number nearly 10 million nationwide.

"Traditional on-line and print resources force luxury renters to comb through hundreds of general listings in order to identify the best apartments in each metropolitan market, whereas Luxe List provides a dedicated resource and decision engine," said Chief Executive Officer David J. Doyle. "With the staggering decline in home values and homeownership demand, there is a growing trend of prospective residents who want and can afford a luxury apartment."

Of course, the Luxe List is a free service available to any luxury renter -- not just the political elite -- whether they're looking for privacy and exclusivity or gourmet kitchens and a pet salon. But for the relatively affluent, transient segment of political and government workers in Washington, a luxury apartment may be even more appealing because of its flexibility and flair.

"A luxury rental provides a very desirable alternative, without the risks and immobility associated with home ownership today," said Alan M. Shafer, Chief Operating Officer of Luxe List. "Leasing is one way to wait out the turbulence and keep your options open if your work or financial situation changes. Whether you're a renter by choice or default, a luxury apartment can preserve your sense of wealth and accomplishment without the burden of owning a house."

To date, Luxe List Home has reviewed and rated 18 high-end apartment communities from Capitol Hill and across the District to Alexandria and Arlington, Va., and Bethesda, Md. The list is constantly expanding as new properties are evaluated and, if eligible, invited to become members of Luxe List Home.

Luxury properties currently on the 2010 Luxe List Washington D.C. list include:

The District -- Westend25, Loree Grand at Union Place, Senate Square, The Ellington, Allegro, Flats 130, View 14, Newseum Residences, Highland Park, Park Place at Petworth Metro

North Virginia -- Del Ray Central and Post Carlyle Square in Alexandria; Halstead Arlington and Siena Park in Arlington; Concord at Crystal City and 220 Twentieth in Crystal City; and Ave Dulles in Herndon.

Maryland -- The Palisades in Bethesda

Each of these unique, amenity-rich apartment home communities underwent a rigorous inspection and was rated by an objective 200-point scoring methodology according to a proprietary system based on consumer preference research. Only the top 10 percent of the highest rated luxury apartments in each city are deemed eligible each year.

About Luxe List Home
Luxe List Home is a premier online residential resource dedicated to connecting luxury rental customers with the finest apartments in America's best cities. Based in Los Angeles, the firm thoroughly reviews and scores preeminent luxury residences. Only the finest apartment communities in each metropolitan area are rewarded as luxury leaders and are showcased on the prestigious Luxe Lists each year. The firm's proprietary scoring system is derived from extensive consumer research coupled with more than 15 years of luxury residential development and property management experience. The online resource will soon expand to feature luxury properties such as single-family homes, condominiums, fractional ownerships and seasonal rentals. Luxe List Home currently operates in 15 major U.S. cities (Atlanta, Austin, Baltimore, Boston, Chicago, Dallas, Denver, Houston, Los Angeles, Orange County, Phoenix, San Diego, San Francisco, Seattle and Washington, DC.) with a goal of increasing this coverage to 25 cities by 2011. Additional information is available at www.luxelisthome.com.

Contact Information