CAPITOL PARK TOWERS APARTMENTS IN D.C. SELLS FOR $34M

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WASHINGTON, D.C. — A group that includes Urban Investment Partners (UIP), PRP LLC and Perseus Realty has acquired Capitol Park Towers, a 289-unit apartment complex in southwest Washington, D.C., for $34 million. The apartment community is located at 301 G St. S.W. The new owners plan to invest in renovations for the apartment complex. UIP General Contracting Inc., a subsidiary of UIP, will perform the renovation work and UIP Property Management Inc. will manage Capitol Park Towers.

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