FCP Sells Suburban DC Community for $25M
MultiHousing News | June 07, 2018
Aulder Capital has purchased River Pointe, a 170-unit property in Fort Washington, Md., from FCP. Transwestern brokered the $24.5 million deal on behalf of the seller. According to Yardi Matrix, FCP purchased the asset back in 2011, for $15.2 million. The property is located at 8340 Indian Head Highway and provides easy access to interstates 495 and 295. Significant employment centers are also nearby, such as Andrews Air Force Base and the National Harbor entertainment, conference, and retail area. Downtown Washington, D.C. is within 14 miles north of the site.