Federal Capital Partners Completes $328 M Sale of Five DC Metro Area Apartment Communities

Posted on Posted in RealEstate

Federal Capital Partners recently completed the largest DC-area multifamily transaction in 2016 with the $328 million sale of five apartment communities totaling 2,490 units in the suburbs of Washington, DC. The portfolio sale includes the following apartment communities acquired through FCP’s Funds I and II: (1) Cypress Creek in Hyattsville, MD – 760 units
Penn Landing in Forestville, MD – 598 units; (2) Cambridge Apartments at New Carrollton Station in New Carrollton, MD – 466 units; (3) Summerlyn Place in Laurel, MD – 424 units; and (4) Toledo Plaza in Hyattsville, MD – 242 units. Federal Capital Partners has closed approximately 100 transactions since it raised its first fund in 2008 and has invested in or financed about $5 billion in assets since its founding in 1999, according to the company.

Leave a Reply

Your email address will not be published. Required fields are marked *