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FCP Sells Local Multifamily Portfolio for $328M

WASHINGTON, DC--Properties have been added and subtracted over the years from this portfolio in one-off sales and acquisitions.

By Erika Morphy | erikamorphy | Updated on December 09, 2016

The 760-unit Cypress Creek in Hyattsville, Md.

WASHINGTON, DC–Federal Capital Partners has sold a five-asset multifamily portfolio totaling 2,490 units for $328 million. The properties, located in various submarkets in the Washington-Baltimore Corridor, were repositioned or otherwise improved by FCP and then resold.

“FCP takes great pride in the improvements we have made to each of these properties,” said FCP Senior Vice President Jason Bonderenko in a prepared statement.

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