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FCP Sells Multifamily Assets to Reliant Group for $71M

October 05, 2018 / Holly Dutton

The Reliant Group has acquired a trio of multifamily properties in the Washington, D.C., area from FCP for $71 million. The three communities have a total of 564 units between them. All three assets Bannister, with 208 units, Palmer, with 152 units and Wakefield Terrace with 204 units are centrally located in St. Charles, Md., within the master-planned community and are within walking distance to amenities including schools, grocer-anchored retail and community centers.