Federal Capital Partners Sells Multifamily Portfolio in Metro D.C. for $328M

CHEVY CHASE, MD. — Federal Capital Partners (FCP) has completed the largest multifamily transaction in the Washington, D.C., metropolitan area in 2016 with the $328 million sale of a five-community apartment portfolio.

The portfolio includes:
• Cypress Creek in Hyattsville, Md. (760 units)
• Penn Landing in Forestville, Md. (598 units)
• Cambridge Apartments at New Carrollton Station in New Carrollton, Md. (466 units)
• Summerlyn Place in Laurel, Md. (424 units)
• Toledo Plaza in Hyattsville, Md. (242 units)

FCP sold the 2,490-unit portfolio through the firm’s Funds I and II. CBRE represented FCP in the portfolio sale to the undisclosed buyer.