WASHINGTON FIRM ACQUIRES MARYLAND APARTMENT COMPLEX

by admin

HYATTSVILLE, MD. — Washington, D.C.-based Federal Capital Partners has acquired the 242-unit Toldeo Plaza from an undisclosed seller through a subsidiary of the firm’s private equity fund for $18 million. The property encompasses 22 three-story buildings on 10 acres near The Mall at Prince George’s in Hyattsville. Federal Capital plans to start
an $8.5 million renovation project immediately.

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